Meaghan Louise Rose's body was found at the bottom of the Point Cartwright cliffs at Mooloolaba on the morning of July 18, 1997.
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In 1997 police said there were "no suspicious circumstances" surrounding the 25-year-old's death, labelling it a suicide.
No inquest was ever held.
But Detective Senior Sergeant Tara Kentwell, of Queensland's homicide cold case investigation team, told a news conference that Ms Rose's de facto had benefited from a life insurance policy taken out the year before her death.
"We're seeking any person who may have knowledge of Meaghan's life insurance policy to contact police," she said.
The policy stipulated that if Ms Rose's died by suicide within 13 months of the commencement of the policy, no benefit would be paid.
"As Meaghan's death occurred just over the 13 months, over $200,000 was paid to her de facto," Detective Senior Sergeant Kentwell said.
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