TDCI observes Life Insurance Awareness Month
To support the proclamation, the
"Life insurance is a critical insurance product, and our entire team fully supports
Consumers who need help locating a loved one's life insurance policy can use the
In 2024, the service helped locate over
"Life insurance policies are intended to help cover financial burdens, such as medical bills, funeral costs, and other financial obligations that can occur after losing a loved one," said TDCI Assistant Commissioner for Insurance
For more details about the locator service, visit the NAIC's website or call 1-800-342-4029 or 615-741-2218.
Things All Life Insurance Policyholders Should KnowLife insurance policies can be taken out by anyone who can prove they have an insurable interest in the person — that is, financial or emotional interest in the insured person's life. If you have a life insurance policy, your responsibility does not stop with the paperwork. As a policyholder, there are important steps you should take now, and in the future, to help your loved ones:
Have you had a life-changing event, such as the birth of a child or a divorce? It is important to update your policies after a major life event to make sure that you have the appropriate beneficiaries listed.Check your policies once a year to make sure that all beneficiaries are included and that the contact information for those listed beneficiaries is correct.Let your beneficiaries know about the policies. Good communication can save everyone time and reduce confusion in the long run.Provide beneficiaries or trusted advisors (such as accountants and attorneys) with the name of the life insurance company holding the policy.Place a current copy of the policy with your will or other estate paperwork in a safe place where family and beneficiaries will be able to easily find it.In


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