How to find your lost or unclaimed life insurance policy -tips and tricks

 

How to find a lost life insurance policy, Tips and tricks.

 

Life insurance policy is a very important in life. Its beneficial for both as policy holder and his /her family after any mis happening.  If our loved one passed away it’s not in our hand. we can’t do anything. But some time locating life insurance policy is a challenging task but it’s a necessary task.  Here we are providing some steps, tips and tricks to find deceased's life insurance policy.

 

Search the deceased's documents and correspondence records.

Find the evidence of policy and related documents.

Every People have two types of records one is hard copy and other is soft copy or digital records. Try to find some records, receipt or any related documents in files. if deceased's have bank locker then kindly check every thing in bank locker also.

You can check in bank statement for any transaction via check and online transfer for the name of life insurance company.

For digital records check the deceased's mail and email. here you can find any mail from insurance company like issue of policy mail, mail for payment and dividend. All the insurance companies send an annual mail for policy status, statement of policy account or dividend update.

Check the tax returns of the deceased's you may find any tax rebate for life insurance, record of interest income and expense for the insurance premium. If you review last two-year tax returns it’s a possibility that you may find any related documents for life insurance policy.

Talk to the deceased's banker, advisor or attorney they may have some information about the policy.

If all the above option not giving you solution then you have some more solution.

Submit A Request to The Policy Locater Service, NAIC (National Association of Insurance Commissioners)

NAIC, The National Association of Insurance Commissioners is a life insurance policy locater service, the free tool is available on internet to assist you to find your life insurance policy. In this online tool you have to submit some details. Once the request is received The NAIC communicate the life insurance provider companies that kindly search the life Insurance policy issued for the name of deceased you have provided in the form. If any company found the records then the particular company contact to the nominee or authorized person to receive the information for life insurance policy.

When you use this online tool, you need some documents and information of the deceased’s like death certificate, legal first name and last name, social security number, date of birth and date of death.

Next Option:

Contact to the states Unclaimed property Office:

When a life insurance policy provider company know about the death of policy holder but not found the beneficiary or nominee, in this case life insurance provider company send this policy to State Unclaimed property office and particular life insurance policy goes under unclaimed property.   

If you know the state or have any idea about the state where the life insurance policy was purchased then there is an online tool available to find the unclaimed property. You can search the state unclaimed property database with the name of deceased.

 

There May be Some Special Challenges to find the unclaimed life insurance policy:

Some time the insurance company changed its name or some time hand over insurance policy to another insurance provider company. The NAIC helps you to find the companies who have changed their names, merged with another insurance company and sold insurance policy to another insurance provider companies.

Sometimes the life insurance policy provider company went bankrupt. In this case you can contact the state life and health guaranty association. There is a National organization of life and health insurance guaranty association. This association has a search tool to find your state guaranty association. The Guaranty association have provided the guaranty and safety net for their state policy holders and ensuring continue coverage up to the limit according to state law.

The last Option to find lost and unclaimed life isurance policy :

You have to know that fee Based Service also available to find Unclaimed life insurance policy:

Some private company help you to find unclaimed life insurance policy for fee. Fee depend on your interest or amount. Some companies have fixed fee for finding lost or unclaimed life insurance policy.

 

We hope that you have find some tips now to find your lost and unclaimed life insurance policy. If you have found something good in this post kindly share it with your friend to help someone else.

 

Tags

#Insurance 

#Life-insurance

#life-insurance-policy

#Lost-policy

#Policy-lost

#Unclaimed-policy

#Tips-tricks