It is a downright shame that money owed to some beneficiaries of unclaimed life insurance policies never get to them during their lifetimes.
While I was still in the field the life insurance company for which I worked handed me hundreds of what is referred to as orphan policy holders.
The agents had left the company and in some cases the business itself.
There was no agent to give some service to these policy owners. Some of these people had changed their addresses and as a result it was quite difficult to find them. Some I never found at all...
Don't pay too much for life insurance! Shop and compare Quality Quotes
from Quality Carriers first. Just answer a few quick questions then get
your Quotes. The process is Easy and FREE. Click Here For Free Quotes
The shocking thing was that one insured person had died and nobody advised the life
insurance company. The story got even more complex as I was unable to
of this policy for a while.
When I did find her she told me that she knew nothing of the policy. I cannot stress too much that insured people should at some time tell their beneficiaries about their life insurance policies even if it is just before death.
There is some responsibility that should rest on the beneficiaries themselves. If there is any indication that there is an in force life insurance policy you should check it out with the company.
Most people have some place where they keep valuable papers.
When such a person dies a relative should do some searching because in too many cases the money just stays with the life insurance company. Of course they pay you interest, but I am sure you wouldn't mind a little extra money at the time of the death of your loved one to help with the funeral expenses.
Beneficiaries of unclaimed
life insurance proceeds
should not blame the life insurance companies either because they
really do try. Believe me...they really try to find the people who
should receive this money. The agents also try. Think about it, this
agent comes out of nowhere and hands you a check for $300,000 that you
did not know existed.
If you are in need of life insurance at anytime in the future or if you know anyone who is about to buy life insurance who are you going to recommend? That is why the life insurance agent, even if he has no compassion, will try very hard to find beneficiaries of unclaimed life insurance policies.
What will happen to your family when you die? Have they been provided for? Life Insurance is the solution and we can help. Compare Multiple Quotes from Highly Ranked Carriers and Save up to 70%! Getting your quote is easy and FREE. Click Here And Save
Home Beneficiaries Of Unclaimed Life Insurance Life Insurance Settlement Affordable Term Life Insurance Accidental Death Benefit Annuities Best Term Life Insurance Rate Cheap Life Insurance Cheapest Life Insurance Compare Term Life Insurance Quotes Financial Planning Estate Planning Fixed Annuities Level Term Life Insurance Life Insurance Rate Quote Low Cost Life Insurance Old Life Insurance Permanent Vs Term Return Of Premium Term Life Straight Life Insurance Whole Life Insurance Explanation Term Life Insurance Whole Life Insurance Retirement Planning Mortgage Insurance Universal Life Insurance Long Term Care Insurance Disability Insurance Cheap Term Life Insurance Term Insurance Term Life Insurance Quotes Online Life Insurance
Speak with a Licensed Agent:
Want to buy some life insurance no exam required? It is much easier to get than most people think.
Shop And Compare Term Life, Whole Life And Universal Life Insurance Rates From A Highly Rated Carrier
Term life insurance is life insurance in it's simplest form. These policies stay in force for a specific number of years, for example, 5 years 10 years etc.