Original source: https://www.tn.gov/commerce/news/2019/9/11/over–18-5-million-in-life-insurance-benefits-located-for-tennesseans.html
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Tennessee Department of Commerce and Insurance (09/11/19)
as a portion of Life Insurance Awareness Month in September, the Tennessee Department of Commerce and Insurance (TDCI) announced that unclaimed life insurance benefits totaling more than $18.5 million have been located for Tennesseans thus much in 2019. The National Association of Insurance Commissioners (NAIC) established the Life Insurance Policy Locator which enables beneficiaries, executors, or authorized representatives of a deceased person to monitor the life insurance policies or annuity contracts of the late family members or friends. This year more than $188 million was located for customers across all countries. “The Lost Policy Locator will help ease the load on grieving family members and friends who might worry about finding a policy through which is already a stressful time,” said TDCI Interim Commissioner Carter Lawrence. “I’m proud to help encourage this helpful tool that all Tennesseans can utilize.” NAIC President and Maine Insurance Superintendent Eric A. Cioppa additional,”Beneficiaries who don’t understand where policy paperwork is situated may struggle to find it while caring for their loved ones’ estate. The NAIC’s Life Insurance Policy Locator gives everybody in the U.S. accessibility to insurer databases and makes it easier to locate deductions and policies.”… Read More
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