Would You Be Able To Collect A Lost Life Insurance?

If you are a beneficiary of a life insurance of a relative who died, and the insurance policy is lost and you dont know with which insurance company, what will you do? How about if you found the policy after a long time, would you still be able to collect it? Well, the answer really depends.

If the insurance policy is paid for up to the time of death, well yes, you can collect the insurance. There even some insurance wherein you can still collect a reduced benefit even if at some point of time the payment was stopped.  The best thing to do if you have an insurance is to inform the beneficiaries about the insurance. Or be sure to leave a copy or a note about the insurance in some place wherein your love ones will immediately find out if in case you will die or whatever...


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