Ohioans Searching for Missing Life Insurance Funds
Ohio Ag Connection - 01/13/2020
The Ohio Department of Insurance has a new website to help Ohioans locate a deceased family member's missing life insurance policy or annuity contract.
The Life Insurance Policy Locator is a user-friendly, free service operated by the National Association of Insurance Commissioners and only requires basic information to get started. The Ohio Department of Insurance has been offering this service for over 10
years, but decided to transition to the national search application to provide Ohioans a more comprehensive search tool.
The Locator can be found on the department's website or at eapps.naic.org/life-policy-locator/#/welcome.
"To date the department's system has matched thousands of individuals with previously unclaimed beneficiary funds in excess of $11 million," Director Jillian Froment said. "This search service provides a real benefit to Ohioans, simplifying what otherwise could
be a cumbersome and lengthy process identifying potential beneficiary life insurance proceeds."
Individuals who believe they are beneficiaries, executors or legal representatives of a deceased person may submit a search request. Insurance companies receive the requests, search their records, and directly contact the individual only if a match is made,
typically within 90 business days.
People with questions about the Locator can call the department at 1-800-686-1526.