i trying to find out if my father who is deceased have a policy
I just found a policy for my deceased father. the certificate number is 0070-w-s-245. Effective date is January 1, 1948. What do I do to find out more on this policy?
The rules for "cashing in" an endowment policy, differ with every policy. One should contact the company from which the endowment policy was purchased, and work with a company representative.
There are a variety of websites online that deal with selling an endowment policy. One of the best resources that was found was an online article called "Should I sell my Endowment Policy." This article was found at the website Money.co.
There is a website called the 'financial ombudsman' which offers advice and information for Mortgage Endowment policy holders. Another good place to find advice is on the 'Which?' website.
Try reviewing this article http://moneycentral.msn.com/content/Insurance/Insureyourlife/P35421.asp also visit www.steveshorr.com/life.htm
There are a few ways to find out of your deceased father had any stocks or bonds. The easiest way is to ask family members like your mom.
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Endowment policies are complicated. There are two types of surrender values. The first is the guaranteed surrender value for policy holders who have paid premiums for three years. This value is 30% of the premiums paid. Additionally there is a special surrender value which is only calculated after the policy holder surrenders the policy. The best way to know this ahead of time is to contact the company which issued the policy.
How can you find out if a John Hancock Insurance account owned by my deceased father is unclaimed
ask the sibling.