Consumer Update on Life Insurance Policy Locator
The National Association of Insurance Commissioners (NAIC) Life Insurance Policy Locator connects consumers with lost life insurance. Each year, millions of dollars in life insurance benefits go unclaimed by beneficiaries who can't find their deceased loved ones' policies or in some cases may not even know the policies exist. That's where the Life Insurance Policy Locator comes in. This free online tool is maintained by the NAIC and requests are secure and confidential. 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 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.
Before you submit a request...
Here are some suggested avenues of investigation which may produce results for you:
- The former employer of the deceased may have information on group life coverage.
- Financial institutions such as banks and credit unions sometimes offer term insurance to their patrons.
- Personal papers such as checks written in payment of life insurance premiums may yield leads to insurance policies.
- Fraternal organizations, associations, professional membership groups, unions and other such entities may make life insurance available to their members.
Information you obtain from these and other sources may also be of benefit to the insurer conducting research on your request. Therefore, you may wish to consider exploring these avenues of possibility before submitting a request for a search. However, if you wish to proceed now, please click the link below.
