How to collect on Lost Life Insurance Policies

A relative has just died. He had a life insurance policy
with you listed as the recipient. There's only one problem: the life insurance policy is missing. You have not written an idea, which is the insurance.
If you find the lack of life insurance in the future, he is still entitled to receive the benefit of death? Hope they paid their insurance bills
If you are a recipient, and then lost in the search for life insurance, death shortly after (within six months to one year, for example), use of the death benefit should be no problem.
First, determine if the insured had term or permanent life insurance. If the insured held a long-term policy, you will receive the death benefit if he died before the end of the contract. When he died, after the expiry date of policy would be, you get nothing.
If the insured had a permanent political life, you will receive the money if the death occurred while the policy is "in force" with which the payments were up to the date of death were. If the death was some time ago, you get the benefit with interest from the date of death.
In cases where insurance is void – that is stopped, the insured, the premium payments before he died – there is a chance that you get nothing. When a decade of permanent life insurance, the insurance companies rather than change its status from permanent insurance, one of two options: "Advanced View" – The insurance company uses the cash value of life insurance policy is a term for the good of his death are bought with the current value of the policy. The death benefit will continue to purchase for the longest period the cash value. "Pay less" – The insurance policy will remain in force forever, but it reduces the benefit of death.
Gerry Brogla, un attuario per State Farm, dice che la maggior parte dei casi in sua compagnia, la politica permanente, continua ad estendere la durata del mandato se fossero caduti. At State Farm, the closure is extended the default option for most permanent policies.
If the policy lapses, and the extended term expires before the death, the policy is unnecessary and the beneficiary of life insurance you get nothing. If the insured dies before the deadline is extended, the beneficiary of the death benefit will be. If the policy lapsed because the person concerned is dead (ie the end of the payment of insurance premiums and causing the extended period) are provided, the beneficiary will still collect the death benefit regardless of when the extended period had expired . The receiver should always check with the insurance company with a pension of death, date of death.
There are no time limits in which a beneficiary of life insurance must step forward to collect the money, according to Jack Dolan, spokesman for the American Council of Life Insurers. "If a person is 30 years after [the insured] the death, the company does well to" ensure Dolan. What happens if no one reports the death?
If the insured dies and the insurance is not death, the policy lapses. Insurance will take steps to find out why a policyholder stopped making payments.
If an insurance company will receive more payments, send letters to the insured informing him the policy may lapse due to unpaid premiums. If letters unanswered, the company can launch a search to find the insured. If this is empty, the company will then lapse the policy.
If the recipient, not a policy of progress means that, unfortunately, the money paid to an insurance policy that never in his life and his receivers a penny. So a good idea to check is to ensure beneficiaries are aware of any life insurance you have.