Unclaimed Life Insurance: A Hidden Asset

What is Unclaimed Life Insurance?

Unclaimed life insurance refers to life insurance policies that have lapsed or expired, but the benefits remain unpaid. These policies are often overlooked by policyholders and their beneficiaries, resulting in a significant amount of unclaimed money.

According to various sources, there are billions of dollars worth of unclaimed life insurance policies across the United States alone. This is a staggering figure that highlights the importance of searching for unclaimed life insurance benefits.

Why Do Life Insurance Policies Go Unclaimed?

There are several reasons why life insurance policies go unclaimed. One reason is that policyholders may forget about their policies or lose track of them over time.

Another reason is that beneficiaries may not be aware of the existence of a life insurance policy, especially if it was purchased by someone else on their behalf.

How to Find and Claim Unclaimed Life Insurance Benefits

Fortunately, finding and claiming unclaimed life insurance benefits is a relatively straightforward process. Policyholders and beneficiaries can search online databases and contact the National Association of Insurance Commissioners (NAIC) for assistance.

It's also essential to note that there are companies specializing in helping people find and claim their unclaimed life insurance benefits.