How can we find out if my mother (in a NH with dementia) has any life/whole etc insurance?

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MSKAYTEE158 Asked April 2023

How can we find out if my mother (in a NH with dementia) has any life/whole etc insurance?

My mother's apartment had flooding, destroying her paperwork 1-week before she was admitted to the hospital for Vascular surgery. Because she has onset of dementia, she can not tell us if she has any policies that would help in her care cost. Are there any online databases we can search for this information?

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score 1 · Answer 1

You wait for an annual letter stating the value or ab bill for payment. They do show up around tax season

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score 2 · Answer 2

I assume you are talking about Long-term care insurance. As said, her bank acct should show payments made.

If you are talking Life insurance policies it depends on what type. If there is a cash in option, I doubt if it would be enough to care for Mom. No cash in value, then you need to wait until her passing and the beneficiary gets the proceeds.

If you apply for Medicaid, you just say "not to my knowledge".

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score 1 · Answer 3

There is a search engine online for the major old time insurance companies. Google “missing life insurance policies”.

Unclaimed Funds.org is also a good source.

Give them a try.

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score 1 · Answer 4

Unfortunately many elders were/are of the opinion that a safety deposit box is the safe place for all policies. And when they pass the deposit box is not always found. So do check your Mom's bank to ask if she holds a box. There may be important papers there.

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Just to add, the bank may send sn annual bill to keep the box. In order to get a key or access, you might have to go to court. Even if you have a key, she may have to be present with ID and signiture

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