The best life insurers are taking greater pains to locate beneficiaries in the wake of multi-state investigations in the last several years into the industry's lack of effort to
locate policy beneficiaries.
Not exact matches
In general, life insurance companies that know an insured has passed, but can not
locate the
beneficiaries of the
policy, are required to turn over the benefits of the
policy to the state's unclaimed property office if the benefits are not claimed after a certain number of years.
If you are able to
locate an active life insurance
policy owned by your late spouse or loved one that you stand to benefit from, you and any other
beneficiaries of that
policy can contact the company directly to make your life insurance claims.
If you had someone close to you pass away and you are trying to find out if they had life insurance and you were a
beneficiary, there are options available to assist you in
locating life insurance
policies that are unclaimed.
If the
beneficiary is not able to
locate the actual
policy document, it can be helpful to provide any additional proof that may be available, such as information about premiums that were paid.
A: Most
policies list the
beneficiaries on the application copy,
located in the back of the
policy.