Those who believe they are beneficiaries, executors or legal representatives of the life insurance policy are eligible to use the free tool.
State Insurance Commissioner
"There are many people who don't know where to begin when searching for a lost life insurance policy or annuity," Ito said in a news release. "The nationwide locator streamlines and simplifies the process for consumers and insurance companies."
In 2015 life insurers paid more than
The state said an old copy of the policy is helpful when using the locator tool. Other personal details of the deceased person can help in the search. These details include the person's full name (maiden name for a married individual),
A copy of the death certificate is necessary to claim the benefit.
NAIC said life insurance companies will respond directly to the person who submitted the request. The companies contact the beneficiary only if they have reason to believe they have a life insurance policy or annuity contract in the name of the deceased.
It can take up to 90 days for a company to respond to a request. There is no limit on the amount of requests a person may submit.
To begin searching, visit cca.hawaii.gov/ins/life-insurance.
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