Life Insurance Locator

Unclaimed Policy Benefits Owed Missing Heirs & Lost Beneficiaries

National Life Insurance Settlement Payments

Heirs of deceased policyholders and annuity owners may be entitled to receive restitution arising from a recent  audit of major life insurance companies that revealed insurers failed to pay death benefits to beneficiaries even in cases where they knew, or should have known, the policy holder was deceased. Further, it was determined that in many cases underwriters continued collecting policy premiums by deducting payments from the cash value of the policies.

Insurance Companies participating in the Global Life Insurance Settlement include: AIG, Allianz, Aviva, Axa, Forethought, Genworth, Great American, Guardian Life, Hartford, ING, Jackson National, John Hancock, Lincoln National, MetLife, Midland National, Nationwide, New York Life, Northwestern Mutual, Pacific Life, Penn Mutual, Prudential, Standard, Sun Life, Symetra, TIAA-CREF, Transamerica, Western & Southern. These companies write more than 50% of all the issued and active life insurance policies nationwide.

Because it is the job of beneficiaries to notify the life insurance company of a policy owner's death, an estimated $2.5 billion dollars in benefits goes unclaimed each year. Family members often  aren't aware a policy exists, or don't know how to track it down. While the settlement mandates a more diligent effort be made to locate missing claimants, name changes after marriage or divorce, an unreported change of address or expired postal forwarding order after a move, and incomplete or illegible records complicate the task.

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