NAIC Life Insurance Policy Locator helps consumers find $650 million in unclaimed benefits
September 18, 2019 by Insurance Forums Staff
The National Association of Insurance Commissioners (NAIC) Life Insurance Policy Locator continues to connect consumers with lost life insurance.
Each year, millions of dollars in life insurance benefits go unclaimed by beneficiaries who can’t find their deceased loved ones’ policies or in some cases may not even know the policies exist.
That’s where the Life Insurance Policy Locator comes in. The free online tool, maintained by the NAIC, has received 145,432 requests which has led to 46,665 matches of lost or misplaced life insurance policies or annuities with claim amounts of $650,520,451 being reported by companies through July 31, 2019 since its November 2016 launch, according to a Sept. 11 release from the NAIC.
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