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Charlene1215

Have 5 policies. Can't find company.

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I have 5 policies that are written to me and my siblings and the company in which it originated from has been merged, shut down, and umbrella-ed into so many companies till no one now wants to give us our money for our father's policies; or they are claiming they can't find the policies because each company has originated new policy numbers.  I got in touch with Alabama Department of Insurance, and they claim that it was merged or umbrella-ed into Colorado Department of Insurance.  They are 14,000 to 16,000 policies; each one on outside of policy has American Prefered Life Insurance . Profit sharing life insurance contract. How and who can I contact?  I really could use some help.

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Trying to understand a bit better...

Were these policies tied to a retirement plan for a company your father used to work for? 

And his former employer no longer exists, nor do the insurance companies that issued the policies?

If the policies were part of an old profit sharing retirement plan, its quite possible the plan cashed out the policies and your father was given a distribution ( cash or rollover) of the money if the plan closed down, or he elected a withdrawal either when he stopped working for that company, or reached retirement age. 

Life insurance policies in retirement plans used to be more popular, but they aren't anymore and over the years I see plans reducing or eliminating the life insurance part of their profit sharing plans.  

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