Unclaimed Life Insurance
Did you know that many life insurance companies are holding massive sums of unclaimed life insurance beneficiary money? It's true -- more than one-fourth of life insurance benefits are unclaimed and thus not paid to the beneficiary. This happens often because those named as beneficiaries are not even aware of the life insurance policy. The result is millions of dollars being held by the companies who drew up the policies.The majority of U.S. states offer a long period of time before declaring benefits as abandoned. This can be as long as 100 years. The problem is that no repository for unclaimed benefits exists and there is little to no effort made to locate beneficiaries. In general the beneficiaries must contact the insurance company to inform them the policy holder is deceased. So, in some cases it is necessary to do some digging and research to find out whether or not you are entitled to lost benefits. You'll find a great deal of information about unclaimed money and also specialists who help you find it on the Internet.
Depending on your family history, you may or may not be entitled to unclaimed life insurance benefits. If you want to search the best thing to do is find a free or inexpensive company online that can help you. There are large databases of names and addresses where you can look to see if you or a family member have lost money from unclaimed benefits or some other source. In some cases people are also entitled to unclaimed tax refunds and other sources of money. A word of caution to Internet searchers -- it is possible to spend more on your investigation than you may receive in unclaimed funds, so don't make any hasty decisions regarding paying for a search.
Life Insurance News:
AIG Life Unit's Return to Securities Lending May Carry Risk, Moody's Says - Bloomberg
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Life insurance arm shines We set our price target for ICICI Bank at R1,200/$54. Our target is currently based on average historical PB multiple... | ||
New Indexed Universal Life Solution From Nationwide Can Help Advisors Give . - MarketWatch (press release)
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Even in Tough Times, Don't Skimp on Life InsuranceEUR - Patch.com
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NY officials to investigate unpaid life insurance - Wall Street Journal
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New Missouri program helps track down life insurance policies JEFFERSON CITY EUR” The Missouri Department of Insurance has a new way to help people track down the life insurance policies of deceased relatives. The department said it's common for people to know their parents had a life insurance policy but not to have a copy of it EUR” or even to know the name of the insurance company. Under a new program, the department will collect information from people ... | ||
ING Unveils Time-Saving Illustration Mobile Tool for On-The-Go Life Insurance Agents MINNEAPOLIS, Nov. 7, 2011 /PRNewswire/ -- ING's U.S. Insurance division announced today the launch of Life Illustration Express Mobile, an innovative, new tool that agents can use on their tablets and mobile devices. This technology makes it easier for agents to instantly run... | ||
AIG Life Units Return to Securities Lending May Carry Risk, Moodys Says American International Group Inc. (AIG) s resumption of securities lending at a life insurance division would carry risks for the company and be negative for bondholders, Moodys Investors Service said today... | ||
Life Insurance: Avoid Universal and Variable Policies Why term policies are the best option.. | ||
At death's door? The Hartford has speedy life policy - Hartford Business
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Customized Life Insurance: What Works Best for Your Life? - MarketWatch (press release)
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Life insurance for kids: Long term benefits come from early investment - Creston News Advertiser
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Central Bank of India to hold decision on life insurance biz till March - Economic Times
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AM Best Affirms CNO Ratings - Daily Markets
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Unpaid Life Insurance Benefits Subject of New York Joint Investigation Life insurance companies are under scrutiny in New York for the way they handle unpaid life insurance death benefits. Attorney General Eric T. Schneiderman and State Comptroller Thomas P. DiNapoli announced late last week that they would be collaborating on the life insurance investigation, after their offices uncovered data that indicated that millions in [.].. | ||
New Indexed Universal Life Solution From Nationwide Can Help Advisors Give Clients a Balanced Life COLUMBUS, Ohio--(BUSINESS WIRE)--The recent market volatility has prompted many advisors to look for life insurance solutions that can help clients achieve their goals while minimizing the impact of market fluctuations. Nationwide Financial Services, Inc. today announced the launch of Nationwide YourLife Indexed UL, a fixed life product that can offer clients the potential for growth and ... | ||
The Hartford Invents Faster Way To Deliver Life Insurance The Hartford will deliver permanent life insurance to consumers in just five days, slashing the industry average of 48 days, through its new Issue First process. The patent-pending approach resolves a common ... | ||
MO program to track down life insurance policies The department says it's common for people to know their parents had a life insurance policy, but not to have a copy of it - or even to know the name of the insurance company... | ||
245 Billion Worth of Mortgages Not Protected by Life Insurance According to a Study by Sainsbury's Finance Four in ten mortgage holders do not have life cover to protect their mortgage(1).(PRWEB UK) 7 November 2011 Four out of ten mortgage holders in Britain (41%) do not have their mortgage contributions covered by life insurance, according to new research(1) from Sainsbury's Life Insurance. The findings suggest that there are nearly seven million people with a collective outstanding mortgage balance ... | ||
New Agent App From ING - Insurance Networking News
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