Haris Ashley
Life insurance benefits often remain unclaimed because beneficiaries are unable to find their deceased relative's policies or are unaware of their existence. To help solve this issue, the National Association of Insurance Commissioners (NAIC) created the Life Insurance Policy Locator, a free online tool that helps consumers find their deceased loved one’s life insurance policies and annuity contracts. In this article, we will explore how to use the NAIC Life Insurance Policy Locator to find lost life insurance benefits.
| Characteristics | Values |
|---|---|
| What is it? | A free online tool that helps consumers find their deceased loved one’s life insurance policies and annuity contracts |
| Who is it for? | Consumers who are beneficiaries of a deceased relative's life insurance policy |
| Who provides it? | The National Association of Insurance Commissioners (NAIC) |
| How do you access it? | Go to naic.org, hover over Consumer, and click Life Insurance Policy Locator under Tools |
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What You'll Learn
How to find a lost life insurance policy
If you've lost a life insurance policy, there are several steps you can take to find it.
Firstly, it's worth noting that if you've been paying premiums regularly, you can usually get a new copy of the policy by calling the insurance company and explaining the situation.
If your loved one is deceased, you can try the following methods:
- Check the deceased person's personal records and documents for evidence of a life insurance policy.
- Check their mail for life insurance documents.
- Contact a trusted financial advisor, insurance agent, accountant or personal lawyer, as they may know about your loved one's insurance policy.
- If you can find documentation of your loved one's car or home insurance, you can ask those companies if they also have a life insurance policy for them.
- Check with your loved one's former employer to see if they offered a group life insurance policy that may still be active.
If you're still unable to find the policy, the National Association of Insurance Commissioners (NAIC) has created a free online tool called the Life Insurance Policy Locator, which helps consumers find their deceased loved one's life insurance policies and annuity contracts. To use this tool, go to naic.org, hover over 'Consumer', and click 'Life Insurance Policy Locator' under 'Tools'. You will then need to enter your name and address, as well as the deceased's information from their death certificate, including their social security number, legal first and last name, date of birth, and date of death. Once you've submitted this information, your request will be stored in a secure, encrypted database, and participating life insurance and annuity companies will be able to access the information through a secure portal. If a policy is found and you are the beneficiary, the life insurance or annuity company will contact you directly.
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How to use the NAIC Life Insurance Policy Locator
The National Association of Insurance Commissioners (NAIC) created the Life Insurance Policy Locator, a free online tool that helps consumers find their deceased loved one’s life insurance policies and annuity contracts.
Millions of dollars in life insurance benefits remain unclaimed every year, as beneficiaries can't find their deceased relative's policies or may not even know the policies exist.
To use the NAIC Life Insurance Policy Locator, follow these steps:
- In your web browser, navigate to naic.org.
- Hover over 'Consumer'.
- Click 'Life Insurance Policy Locator' under 'Tools'.
- Create an account by entering your email address and name.
- After all required fields have been filled, click on the submit button.
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How to find an insurance licensee in Arizona
Life health insurance lookup is a free online tool that helps consumers find their deceased loved one's life insurance policies and annuity contracts. To use the tool, go to naic.org, hover over Consumer, and click Life Insurance Policy Locator under Tools.
To find an insurance licensee in Arizona, you can use the DIFI website. Here are the steps to follow:
- Go to the DIFI website.
- Select Arizona as the Jurisdiction.
- Select Generate a Report.
- At Search Type, select Licensee.
- At Entity Type, select Individual or Entity.
- Complete the page using the criteria for your requested report.
You can also use the NAIC's Consumer Tools and Information webpage to find information about insurance and insurance companies before purchasing insurance.
It is important to note that not everyone will qualify for an insurance license in Arizona. The Arizona Department of Insurance and Financial Institutions can deny licensure for reasons such as prior felony convictions or past fraudulent behaviour.
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How to use the Life Insurance Policy Locator to find annuity contracts
Life insurance benefits often remain unclaimed, as beneficiaries may not be able to find their deceased relative's policies or may not even know that the policies exist. To help solve this issue, the National Association of Insurance Commissioners (NAIC) created the Life Insurance Policy Locator, a free online tool that helps consumers find their deceased loved one’s life insurance policies and annuity contracts.
To use the Life Insurance Policy Locator to find annuity contracts, follow these steps:
- In your web browser, navigate to naic.org.
- Hover over 'Consumer' and click 'Life Insurance Policy Locator' under 'Tools'.
- Create an account by entering your email address and name.
- After all required fields have been filled, click on the submit button.
Your request will be stored in a secure, encrypted database where participating life insurance and annuity companies can access the information through a secure portal. If a policy is found and you are the beneficiary, the life insurance or annuity company will contact you directly, usually within 90 days. You will not be contacted if no policy is found or you are not the beneficiary.
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How to find out if you are a beneficiary of a life insurance policy
If you believe you may be a beneficiary of a life insurance policy, the first step is to identify the policy. If the policyholder is still alive, you can ask them directly. If not, you may be able to find information about the policy in their paperwork. You can also talk to the insured individual's family and friends, or look for bank statements indicating premium payments to a life insurance company.
Once you have identified the policy, you can contact the insurance company to ask if you are a beneficiary. You may need to provide proof of identity and explain your relationship with the policyholder. It's worth noting that the deceased may have changed their beneficiaries after any old policy documents were printed, so it's important to check with the insurance company directly.
If you are a beneficiary, the insurance company will tell you how to submit a claim. This usually involves providing evidence of your identity and confirmation of the policyholder's death.
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Frequently asked questions
The Life Insurance Policy Locator is a free online tool that helps consumers find their deceased loved one’s life insurance policies and annuity contracts.
Every year, millions of dollars in life insurance benefits remain unclaimed. Sometimes, beneficiaries can't find their deceased relative's policies or, in some cases, may not even know the policies exist. The Life Insurance Policy Locator was created to help solve this issue.
In your web browser, navigate to naic.org, hover over Consumer, and click Life Insurance Policy Locator under Tools. Create an account by entering your email address and name. After all required fields have been filled, click on the submit button.
The National Association of Insurance Commissioners (NAIC) created the Life Insurance Policy Locator.
You can use the Life Insurance Policy Locator to find out if you have any unclaimed life insurance benefits.
