Are you looking for unclaimed life insurance? If you had someone close to you pass away and you are trying to find out if they had life insurance and you were a beneficiary, there are options available to assist you in locating life insurance policies that are unclaimed.
Known as "orphan policyholders," beneficiaries of unclaimed life insurance policies are often left in the dark on how to claim benefits. Perhaps the policyholder, known as "the insured," didn't tell them of the existence of the life insurance policy or didn't tell them where to look for it after he died, or how to claim it.
What Happens To Insurance Benefits That Go Unclaimed? In general any unclaimed life insurance benefits, like other lost money, are turned over to the Unclaimed Property Divisions of the States. That process may take several years and doesn't begin until the insurance company is made aware of the passing of the insured.
Common forms of unclaimed property include savings and checking accounts, stocks, dividends, uncashed payroll checks, life insurance policies & premium refunds, utility security deposits, mineral royalties, and contents of safe deposit boxes...
ABOUT UNCLAIMED LIFE INSURANCE Life Insurance Q&A Question: "How do you find unclaimed life insurance?" Answer: "Under US unclaimed property law, financial assets are considered dormant, unclaimed and abandoned when contact with an owner is lost over an extended period.