Life Insurance Locator

Unclaimed Policy Benefits Owed Missing Heirs & Lost Beneficiaries

Life Insurance Demutualization Compensation Claims

Current and former policy holders of major life insurers including MetLife, John Hancock and Prudential, as well as their beneficiaries and heirs - may be entitled to receive compensation arising from demutualization.

Demutualization is the conversion of a mutual life insurance company owned by policyholders, to a publicly traded stock company owned by shareholders. In addition to policy benefits, mutual life policyholders and heirs are entitled to receive stock and cash in exchange for their ownership interest.

The amount paid to each policyholder is based on a number of factors, including length of time the policy has been in force, total premiums paid and face value of the policy. For many policy holders, the demutualization windfall can be substantial, but several million missing policyholders and heirs aren't aware they are entitled to receive payment.

Search efforts were unsuccessful due to name changes after marriage or divorce, unreported changes of address, expired postal forwarding orders and non-current beneficiary information. When John Hancock demutualized, it did not have current addressed for 400,000 policyholders. Prudential could not find 1.2 million policyholders entitled to receive compensation, and sixty million shares worth several billion dollars of MetLife stock went unclaimed after the conversion.

► If you have reason to believe a family member had a life insurance policy but have not received payment, complete the form below to initiate a search.