Unclaimed Insurance Benefits Waiting to Be Claimed

Unclaimed Insurance Benefits Waiting to Be Claimed

The Georgia Insurance Commissioner says there are millions of dollars in unclaimed insurance benefits waiting to be claimed, and now their office has an app to help find the beneficiaries. The new Lost Life Insurance Policy service will help Georgians search to find out if they’re owed unclaimed benefits. This sort of app is also available nationally as the NAIC has recently launched their new Life Insurance Policy Locator as part of the total effort by state insurance…

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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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