Can I Find Out Who Has Life Insurance On Me?

No person or entity can own life insurance on your life unless you gave your consent to be insured. Usually, a life insurance carrier will require the person being insured to give permission, sign the application for life insurance coverage. In addition, the insured person may have to answer some health questions, and/or take a medical exam.

However, there may be some types of life insurance where the insurer does not require the insured person to be aware of the coverage.

Do you recall signing an application for life insurance or signing to authorize the release of medical information for life insurance underwriting purposes?

Do you recall having a paramedical examination – giving blood and urine samples, or answering any questions about your medical history, etc?

If you aren;t sure, you can ask your family members if any of them have taken out life insurance on you.

Also ask your employer, as some employers may insure the lives of their employees, especially key employees.

Since 2006, employers who insure the lives of their key employees for the benefit of the business must obtain the employee’s consent and give you notice up front, plus they must report any life insurance coverage they own on employees annually to the IRS. Some records of your consent to the life insurance by your employer should exist in files. Then contact the insurance company involved to verify if there is any life insurance on you.