What is A Life Insurance Policy Locator? Life Insurance Policy Locator is 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 million being reported by companies through July 31, 2019 since its November 2016 launch.
The Life Insurance Policy Locator is a free online tool to help potential life insurance policyholders or beneficiaries to find lost or forgotten insurance policies or annuities. The NAIC’s tool is a national online search tool modeled after similar life insurance policy locator programs developed previously by various states.
Losing a loved one is often a painful, chaotic time. Beneficiaries who don’t know where policy paperwork is located may struggle to find it while taking care of their loved ones’ estate. The NAIC’s Life Insurance Policy Locator gives consumers a way to easily search for policies and annuities.
The policy locator requests are secure, confidential and free. Any matches found by participating insurers are reported to state insurance agencies through the NAIC Life Policy Locator. The companies then are responsible for contacting beneficiaries.
Who can use the Life Insurance Policy Locator?
Anyone. This service is open to the public, including beneficiaries and legal representatives
If a requester is a beneficiary and is notified by the company that a lost policy has been found, what information do people need to request their benefits? Typically, a certified death certificate and company claim form must be submitted to the insurer which found a policy.
How long does it take for a request to be completed? It may take up to 90 business days to receive a response. Please note a requester will not receive a response if no matches are found, the requester is not the beneficiary, or the requester does not have legal authority to obtain information about the deceased.
As part of Life Insurance Awareness Month, the NAIC is hosting a Twitter chat to correct misconceptions about life insurance on September 17, 2019 at 3 PM ET, for people to ask questions of experts. Use the hashtags #ProtectTomorrow and #NAICInsuranceChat to participate.
Is the life Insurance Policy Locator Safe To Use? The online policy locator requests are secure, confidential, and free. Participating insurance companies are responsible for contacting beneficiaries and reporting matches to state insurance agencies through the NAIC Life Insurance Policy Locator.
How long does it take for a request to be completed? It may take up to 90 business days to complete the search. Please note a requester will not receive a response if no matches are found; the requester is not the beneficiary; or the requester does not have legal authority to obtain information about the policy.
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