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Georgia announces new lost life insurance policy service

Post Date:12/19/2016 10:32 AM

ATLANTA (AP) — Georgia Insurance Commissioner Ralph Hudgens has partnered with the National Association of Insurance Commissioners to announce a free service that will help Georgia residents track a deceased loved one's benefits.

Media outlets report that Hudgens recently announced the NAIC's Life Insurance Policy Locator. In a statement, Hudgens says the service streamlines and simplifies the process of searching for a lost life insurance policy.

Participating insurers will compare submitted requests with available policyholder information and report all matches to state insurance departments through the locator. Companies will then contact beneficiaries or their authorized representatives.

Hudgens suggests that potential beneficiaries search through the deceased person's records first, contact previous employers and review bank accounts.

Anyone with questions about searching for unclaimed benefits can visit www.oci.ga.gov or call 800-656-2298.

(Copyright 2016. The Associated Press.)

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