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How may I find out about a whole life insurance policy someone may have on me?

My father had me sign a life insurance document when I was eighteen which he said was just to cover funeral costs should I pass away. I signed the papers, not even reading them. I no longer have a relationship with my father however a few years ago before I cut off contact with him he mentioned he had a whole life insurance policy on me. He told me that it was left to him should I die and if he was deceased it would go to my uncle (his twin brother) and that if my uncle throught I was mature and responsible enough he'd give me the policy...since it's worth a lot of money. My father claimed he way paying a lot into it. My parents are divorced and my father's side of the family doesn't really have contact with him, he's pretty much isolated himself from everyone. How may I find out if such a policy does exist and given my father's previous life threats to me and dangerous nature I'm not comfortable with him having this policy. Is there anything I can do about it? Would it be possible since the policy is for my life to force my father to change it into my son's name? Well, it sounds like my father is most likely the owner (knowing him that's probably how he set it up) and my uncle would be the contingent owner of the policy. I guess I just will have to let it rest from the sound of it, I won't be able to find any information about it... When I was sixteen I signed some paper making it okay for him to take out life insurance on me...it was supposed to be enough to cover funeral costs and he insisted on it since I was sixteen. That part is clear. Now, I may or may not have signed papers for him to change companies when I was nineteen...I can't completely remember...but it's quite possible. When I was twenty I asked him about the life insurance policy. That was when he said he was paying a lot of money into it. He also said that if I died he'd get a lot of money. I didn't quite get that but I asked him what would happen if he died first, which was more likely to happen. He claimed that the policy would then go to my uncle. He also said that my uncle would hand it over to me when my uncle felt I was mature and responsible enough to have it. At that point he said it would be my choice to keep it or to cash it in. He may have even terminated the polciy since I cut off contact with him.

Public Comments

1. You don't own the policy, so you have no rights to the policy. It's sounds gruesome to say, but if he were to kill you he would not be able to collect. That's kinda frowned upon at the insurance companies. However, if he didn't set it up right, which is a possibility you may be the owner. He may have had you just sign the form as the owner assuming he'd be in control if you knew nothing about it and he were paying the bills. There are 3 parts to a policy...the insured, the owner and the beneficiary AND unless otherwise stated in the policy/application the insured is the owner. So if he goofed that up then there's a chance it's already yours. So, if you know the company just call them up and give them your social security number to find out if you're the owner of the policy. If so you can do whatever you want to it...cash it in, change the beneficiary, etc... Just keep in mind that if you change the address first that a copy of the address would go to him, so you may want to be careful on what address you change it to first. Naturally if you did own it and decided to cash it in you wouldn't want the check to go to him. If you don't know the company then you have your homework cut out for you as you'll need to call company to company to see. If it turns out that he's the owner there's nothing you can do until possibly he passes away at which point it may become yours. Good luck and if you find out I'd be interested to know if you didn't mind sharing, because I wouldn't be surprised if you weren't the owner. Jeff
2. FROM THE ABOVE NARRATION, IT IS CLEAR THAT YOU ARE THE INSURED AND YOU ARE THE PARTY IN THE CONTRACT( AS YOU HAVE SIGNED THE PROPOSAL AND ALSO YOU ARE ABOVE 18 THEN). YOUR FATHER ONLY HAD BEEN FINANCING THE POLICY. HE HAS NO HOLD OVER IT. CHECK FROM THE AVAILABLE INFORMATION WITH THE INSURER. WITH A LITTLE PERSEVERANCE YOU MAY BE ABLE TO GET THE DETAILS OF THE POLICY, AT LEAST THE POLICY NO ETC. SECURE THE POLICY DOCUMENT. IF NOT POSSIBLE GET A DUPLICATE BOND DOCUMENT FROM THE INSURER. EXECUTE A CHANGE OF NOMINATION. THIS WILL TAKE THE WIND OUT OF THE SAILS OF YOUR FATHER. FINANCE YOUR POLICY YOUR SELF. MAIL ME FOR ANY FURTHER HELP AT vbalajtry@yahoo.co.in
3. The first thing I would do is notify the local law enforcement about the life threats your father has made against you, along with the knowledge of the life insurance policy. If something should happen to you, he would be the first suspect, along with a motive. Why not contact your uncle, if possible, and find out if he has knowledge of the policy? If he has, ask him if he knows the name of the company. Unless you have a policy number, or the name of the company, I don't know of a way to find out what company issued it, except to call all the local insurance offices in your area, and ask them to check their computer records by your name, or your father's name. If your father is the owner of the policy, (the beneficiary and owner can be the same person, but they are different by definition), even if you knew the name of the company, they don't have to divulge information about it, without the owner's permission. If your father is the owner, and if a contingent owner, in the event of death or incapacitation of the owner, is not named in the policy application, or subsequently endorsed to the policy, then the ownership would revert to you, the insured. If this is the case, you would have full control of the policy after you father's death or incapacitation. If you, the insured, was named as the owner, then you have full control of the policy. You had to personally sign the application, because you are over the the required age. (It's 14-1/2 in my state). Just because you signed the app does not necessarily automatically make you the owner of the policy. Good luck, and God bless.
4. OK, second question first - no, you signed when you were 18, he's the policy owner, he's been paying the premiums, he gets to choose who gets the money if you die. Period. It can't be changed. You don't get to change your mind. First question. Likely, he has a policy on you. He says he does, you think he does, you remember signing the papers. There's no central database where you can look it up, if that's what you're asking. MIB, for a fee of $75, will give you a list of all companies that have received an APPLICATION for life insurance, on your life, in the past 10 years. If this is more than 10 years old, it won't show up. AND, it's only applications. You get the name of the company. But not being the policy owner, you can't DO anything about it, so it's kind of a waste of your money.