Do Life Insurance Policy Payouts Go Unclaimed?

Do Life Insurance Policy Payouts Go Unclaimed?

One of the dark secrets of the life insurance industry is when or if a policy payout goes unclaimed. Now the consumer advocate and insurance regulatory National Association of Insurance Commissioners (NAIC) has developed a tool to search for any lost policies and their payout. With their new Life Insurance Policy Locator, the NAIC is serving U.S. consumers as part of an effort by state insurance regulators aimed at reducing the number of unclaimed life insurance…

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