Find Unclaimed Life Insurance

An unclaimed life insurance policy may be the result of incomplete or outdated beneficiary information which can make it difficult for the insurance company to track a beneficiary down. Unclaimed life insurance policies also exist because the insurance company simply doesnt know that the insured person has died.

Unclaimed Life Insurance Policy Benefits

Unclaimed life insurance policies are considered unclaimed property and are protected from being kept by the insurance company.

Find unclaimed life insurance. Our list is quick and easy to use but is not as extensive or as current as the records at the state insurance departments. Polices can be in force even if the payment of premiums has stopped or if money was borrowed against it. Because it is the job of beneficiaries to notify the life insurance company of a policy owners death more than one quarter of all life insurance policy benefits go unclaimed because family members simply arent aware a policy exists or dont know how to find it.

Search local and national unclaimed property databases. Additionally a list of insurance companies and their last known addresses and phone numbers to help you research unclaimed insurance money can be found on our life insurance companies page. Thanks to state insurance departments and national insurance associations there are a few ways to find out if youre owed a payout.

How to find and claim life insurance you may be owed 80 million of unclaimed life insurance is floating around australia. What happens to unclaimed life insurance payouts depends on what type of policy was issued and whether or not it was paid up and in force at the time of death. As a result life insurers are holding billions of dollars in unpaid benefits.

There were over 74 billion in unclaimed life insurance payouts in 2016 according to a report by usa today. These five steps will help you find out how to search for a life insurance policy and make a claim if youre entitled to the money. Life insurers who paid out 745 billion in benefits in 2015 make efforts to find the rightful owners of unclaimed insurance proceeds says whit cornman a spokesman for the american council of.

If you have exhausted all of your manual options to find life insurance money several places can help you with your search. How to find unclaimed life insurance money. Just because a person didnt tell you they had a life insurance policy doesnt mean there is not one and you should try your best to find it as soon as possible so that any assets in the policy do not get used up in paying premiums.

The national association of insurance commissioners naic who has a life policy locator service. If an insurance company knows of an insureds death they must turn the benefit over to the state as unclaimed property if they cannot find the beneficiary.

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