Consumer Alert: Life Policy Finder Service
Miller is alerting consumers about a new service that will help beneficiaries
locate lost life insurance policies.
When a loved
one passes away, there can be many loose ends to tie up. If you are unable to
locate your loved one’s life insurance policy or aren’t sure whether they had
one, we may be able to help.
consumers can use a life insurance policy finder service developed in conjunction with the National Association of Insurance
Commissioners (NAIC) to help find the lost policy of a loved one. When a
Pennsylvania resident files a request, life insurance companies will be asked to
search their databases. If a policy is found and the inquiring party is a
beneficiary, the department asks the insurer to notify the beneficiary.
department cannot require insurance companies to notify beneficiaries under
current law, we support legislation in the General Assembly, sponsored by Rep.
Marguerite Quinn, that will require companies to do so.
for requestors and necessary forms are available on our Life Insurance page. If you have any questions about a lost life insurance policy,
you can contact the Insurance Department’s Consumer Services Bureau online or
by calling 1-877-881-6388.