For Immediate Release: June 3, 2014
NCDOI Offers New Life Insurance Policy Locator Service
RALEIGH -- Insurance Commissioner Wayne Goodwin announced today that the N.C. Department of Insurance is now offering a lost life insurance and annuity inquiry service to help consumers locate benefits from life insurance policies or annuity contracts purchased in North Carolina.
"The Department of Insurance receives many calls from people trying to track down information about a loved ones' life insurance policy or annuity contract," said Goodwin. "This important service will allow us to work closely with insurance companies to help people locate lost policies."
Individuals who believe that they are beneficiaries — as well as executors and legal representatives of the deceased person — may submit an inquiry form and appropriate legal documentation to the Department of Insurance. That information will be forwarded to North Carolina-licensed life insurance companies. Insurance companies will contact the beneficiary if a policy is located. If the person making the request is not legally entitled to information about the life insurance policy or annuity, the insurance company will not make contact with that person, but it will begin a search for the beneficiaries named on the policy.
More information about the process can be found by going to http://www.ncdoi.com/EZ/LifePolicy.