To Compare Annuities 93



Annuities are contracts offered through life insurance companies that allow you to invest your funds in a tax-deferred vehicle. If you move and fail to update your address, or if insurance firms merge also change names, you and your beneficiaries may waste track of annuity deals. Finding lost annuity deals can be difficult, but it's not impossible.

Difficulty: Tolerably Challenging

Directions

1 Look through your files and desk drawers to discover every annuities agreements or annual assertions. Even if an insurance policy company has changed names, finding the original deal information will go a extended way in helping you locate your funds. Verify old business cards, address books and phone directories that might have the names and numbers about financial advisers you've used within the past.

2 Call earlier employers about retirement This external link was removed for your protection that is may all the same be along with the company strategy director. Many public works and government placements have annuities as part of their benefits. If you left the position and didn't roll the money in a self-directed IRA or annuity, it may still be there. If you did, the plan director ought to have some record of where the verify was sent.

3 Read through outdated tax returns that may have stated any allowance deposits or contributions (if it was exclusive IRA annuity).

4 Call current financial advisers, including investment brokers, insurance agents plus tax advisers. Financial confidants are needed to gather data about any client's complete monetary picture previous to recommending investments. They may have some notation roughly money stored from other accounts that are not under their management.

5 Speak to a policy locator service, similar as MIB Answers (www.mib.com), recommended by the American Council of Living Insurers. For any fee of $75, the service can search more than 17 website million records.

6 Make contact with the unclaimed property division in all states you've lived in. The funds may have been reported here. If you don't find anything at first, you may want to check once more in six months.

7 Check with Best's Insurance Reports with insurance policy firms under new titles or that have merged. Most libraries need this resource reserve, which will support you uncover the new organization name.

References