Yes. You may ask your family members if anyone knows of an existing policy on your life. If you are unable to do that, then you may contact an insurance company and give them your name so they can check their records. The problem is if you don't know who owns the policy, then finding the right company is like finding a needle in a haystack. It is possible, but it may take a lot of time and effort.
Co-Founder, Coastal Financial Partners Group, California
No person or entity can own life insurance on your life unless you gave your consent to be insured. Do you recall signing an application for life insurance or signing to authorize the release of medical information for insurance underwriting purposes? Do you recall having a paramedical exam - blood and urine samples, questions about medical history, etc?
Ask your family members. Also ask your employer. Since 2006, employers who insure the lives of their key employees for the benefit of the business must obtain your consent and give you notice up front plus they must report coverage they own on employees annually to the IRS. Some records of your consent should exist in files. Then contact the insurance companies involved to verify.
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Ask your family members. Also ask your employer. Since 2006, employers who insure the lives of their key employees for the benefit of the business must obtain your consent and give you notice up front plus they must report coverage they own on employees annually to the IRS. Some records of your consent should exist in files. Then contact the insurance companies involved to verify.