Sentences with phrase «life insurance search beneficiaries»

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Life insurance companies, for the most part, are now compelled to search for beneficiaries of unclaimed death benefits.
Life insurance companies are legally required to search for beneficiaries once they become aware that their policy holder is deceased, but payouts are usually not issued automatically.
As you search for a lost policy, keep in mind that if it was a term life insurance policy, then you as the beneficiary collect the benefit only if the insured person died within the term.
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With that information, the beneficiary can contact the Life Insurance company and search his policy with his Social Security number.
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