Archive for the “Unclaimed Insurance Policies” Category
Many of our users are seeking forgotten or missing insurance accounts. Finding a central location to obtain this info was a hassle for me and I assume for many others.
Therfore, I developed a new free site which lists hundreds of insurance companies to assist with your search.
You may search by company name utilizing the resources at this new site:
List-Of-Insurance-Companies.com

SEARCH BY COMPANY NAME
Tags: find a list of insurance companies, insurance company address, insurance company list, insurance website, insurancecompanies, insurancecompany, list of insurance companies
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Have you ever loaned money to a friend, and because they were a friend, you didn’t press them to pay your cash back quickly? Then, as time went on, did you forget all about the money? Well, maybe you haven’t, but millions of Floridians do every year, only their “friends” are companies holding dormant bank accounts, uncashed payroll checks, stocks, dividends, just to name a few.
After the companies lose contact with people associated with these accounts, they turn over these funds to the state Department of Financial Services, and the funds, totally hundreds of millions each year, become what is known as unclaimed money or unclaimed property. The state never actually “owns” Florida unclaimed money, but they are obligated to hold it until the rightful owner steps forward to claim it.
The task of turning that missing money in to found money is easy if you know what you’re doing. Many people make the mistake of simply performing a onetime search at some third party side that made false claims about its unclaimed property database. Others only search Florida’s unclaimed funds records. On top of that, one of the biggest mistakes people make time and time again, is only searching once.
Searching only once doesn’t take in to account that in accordance with varying dormancy periods on forgotten money, these assets are turned over at different times. Meaning that if you search for unclaimed money in Florida only today, but your funds haven’t been turned over to the state until tomorrow (or next week, month, or year), you’d never find it. For this reason (among others), searchers should steer clear of sites that charge “per search”.
Many people hunting for FL unclaimed funds simply don’t realize that their money might be in the hands of government offices in other states. What if your insurance companies or corporate headquarters of a former employer were in other states? When the dormancy periods end, your unclaimed gov money will be turned over to those states, so searching Florida missing money records would be pointless.
Although Florida’s $1 billion is a lot, searching the records of other states frequently is particularly important in The Sunshine State, because the state houses so many transplants. It’s no secret that Florida is the place to be if you’re a retiree, but most didn’t live there for their entire lives.
Despite the fact that Florida does you the courtesy of not putting any time limits on claiming your funds, most people would obviously prefer to have their money sooner rather than later. Additionally, if the cash belonged to a passed relative, the process of proving you’re the rightful heir can take a bit more effort than claiming your own lost money, so it’s important to get started ASAP.
Most people think it’s not possible for them to have ever abandoned or forgotten money, but you’d be surprised. The reality is that the majority of people are owed some type of unclaimed money, so everyone owes it to themselves to search.
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Source: http://www.iii.org/
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The I.I.I. Offers Tips on Finding a Lost or Unclaimed Life Insurance Policy.The I.I.I. Offers Tips on Finding a Lost or Unclaimed Life Insurance Policy
If a family member or close friend dies, and you are unable to locate a hard copy of his or her life insurance policy, there is unfortunately no national or statewide database which lists in-force life insurance policies. However, the I.I.I. suggests the following steps, which can recreate the deceased individual’s financial affairs:
- Search files, bank safe deposit boxes: A search of the deceased individual’s financial files, bank books and canceled checks may show evidence of premium payments to a life insurer. In addition, life insurance policies are often placed in bank safe deposit boxes, so it is worth taking a close look at the contents of any such boxes. Finally, a review of the deceased person’s address books may indicate the names of insurance agents or insurance companies with whom they conducted business.
- Consult current and prior financial advisers: Besides financial advisers, the deceased individual’s attorney, accountant or insurance agent may be a potential source of information about life insurance policies that were purchased, and then forgotten about.
- Review life insurance applications: The application for each life insurance policy is attached to that policy. So if you can find any of the decedent’s life insurance policies, look at the applications for them. The application will have a list of all other life insurance policies the deceased person owned at the time of the application.
- Check with state agencies: State governments regulate the insurance industry. The National Association of insurance Commissioners (NAIC) has a Life Insurance Company Location System; it can help you find the
state insurance departments that can help identify insurers that might have written a life insurance policy for the deceased. The state comptroller’s office in most states also takes receivership of unclaimed money from life insurance policies belonging to the deceased, if the deceased’s beneficiaries do not lay claim to the policy’s proceeds.
- Contact a private search firm: Several private companies will, for a fee, contact insurance companies on your behalf to determine if the deceased person had a life insurance policy. Moreover, the MIB Group, Inc., an insurance trade association used by hundreds of U.S. carriers in underwriting life insurance applications, maintains a Policy Locator Service. Their database contains over 150 million records representing inquiries submitted on individually underwritten life insurance applications processed during the last 12 years. An MIB Group search costs $75 and they claim to find evidence of one or more life insurance policy applications about 25 percent of the time. MIB Group customers must provide them with the proper documentation, including the
policyholder’s death certificate and proof indicating the person requesting access to the deceased person’s life insurance information is entitled to receive it. Details and an application are available at MIB’s Policy Locator Service.
“Before having to go through the steps we describe here, grown children ought to talk with their elderly parents now about life insurance policies survivors should know about,” Dr. Weisbart said. “It is an awkward but necessary conversation to have so that families can be prepared when ‘the time comes.’”
For more information on life insurance and annuities, go to the Life Insurance section of the I.I.I. Web site
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Tags: lost life insurance policies, Lost Life Insurance Policy, metropolitan life insurance unclaimed policies, Unclaimed Life Insurance Policy
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