How do I found out if some had a policy that I was the beneficiary and they chaneged it.?

Question

Years back in 1997 my father passed away and he talked for years about more then one policy that he had. Since we where young and he was older he had a woman who was power of attourney over them and they would sit in trust until we turned 21 years of age. Well she claimed they never existed. Later after speaking with a lawyer he told me she could have changed the name of the beneficiary since she had power of attourney over them and nothing would ever be said unless someone came foward to call foul. She would have to then prove that she changed the name in there best intrest IE someone who might be ill or something of that nature. But if no one came forward nothing would ever be said. She knew we did not know the name of the company he had this policy or policies so we could never call foul. Is there any way at all you can research or anyone you can contact to see if a policy was cashed in that belonged to him or something along those lines any help would be greatly apprciated. Texas

Answer 1

If that's the case, there is nothing you can do. If they never existed, you are wasting energy.

There is a reason your dad gave her POA. I hope thinking about that gives you peace about this situation.

Answer 2

If she changed the beneficiary name, there is nothing you can do. The only records the insurance company would have is that they paid out a claim to her as the beneficiary. Somewhere in their records they would have the name change paperwork, but it would be difficult to track down because you do not technically have any rights to look at someone else's insurance paperwork.

You can try to find your Father's insurance agent and ask him/her if you were ever named as beneficiary on any life policies.

You may need to consult an attorney that specializes in life insurance to subpoena the former agent for the information, but that will end up costing you a lot of money. If you could find some paperwork with your name as beneficiary, then you may have a trail to follow.

Sorry I don't have a better answer for you. The fact is that only the owner of a policy (or power of attorney) has the right to change the policy.

Good Luck!

Answer 3

You need to try to find your father's bank records so you can track down the insurance agent that your father was paying for the policy. Then the insurance company can provide you with documentation regarding the beneficiary.