Larry’s dad was an employee at a large manufacturing company for 20 years. He left that job and opened his own small business, which he ran until he retired. When he died he had a house full of financial papers and documents, but neither Larry nor his sister had the energy to go through those papers. So they boxed them up and put them in the garage. Several years later Larry was ready to look through his dad’s papers and to his surprise he found a life insurance policy that dated back to his early employment days at the manufacturer. Larry called the insurance company and after several weeks of record searching they told him there was a policy that had been in effect when his father died and he would need to submit a claim form and death certificate to collect the benefit.
Why didn’t anyone from the insurance company tell Larry about the policy sooner? Larry’s circumstances are not uncommon. Larry’s dad never wanted to talk about his death or his finances and Larry certainly wasn’t going to bring it up. As it goes with missing life insurance policies, if you don’t find the missing policy then the insurance company keeps the money. How much money are they keeping? It’s estimated that there are billions, with a “b”, in unclaimed life insurance benefits.
We are promoting a website that lets you search for those exact types of policies. We want to see people collect the money that their parents, siblings and family members intended for them to have. The site www.FindLostLifeInsurancePolicy.com is a simple tool that gets you access to millions of historical records of life insurance policies. If you do a search and find that there was a policy in effect when the person died, then you can claim the money owed to you. Even if the policy is several years, or even decades old, you still get the death benefit (plus interest!).
There is no reason life insurance companies should keep billions of dollars of benefits that are owed to families. Many people think that this money gets turned over to the State Treasurer, but that is not true. The money that is sent to a State Treasurer is from policies which the insurance company knows they must pay but they cannot locate the owner. Those are not common. What are common are policies that are paid for, sit with the insurance company, and then lapse at some point after the insured has died for lack of payment. Those are called lapsed policies and those are common. Those are the policies that make-up the billions of dollars.
I encourage everyone to do a search and look for those policies. Search on your parents and grandparents. Share the site with other friends and co-workers. Let’s get the money where it was intended.
Missing life insurance policy. Search now
Another helpful link: http://www.i-newswire.com/find-any-lost-life-insurance-policy/39918
Billions $ in missing policies: read more