Consumer Alert: Help Finding a Lost Life Insurance Policy
Did a parent, sibling, other family member, or friend have a
life insurance policy that has been lost? If so, and you know what insurance company issued the policy, the
Pennsylvania Insurance Department can help.
It’s not unusual for life insurance policies to be bought
many years, even decades, before the policyholder dies. Often these policies are completely paid for
long before the benefits would be paid. In this case, there may be no contact between the company and
policyholder, and the old policy may have been filed away among other papers
and lost or mistakenly thrown away over time.
If you believe a family member or friend had an insurance
policy that is lost and know the company which issued the policy, contact the
Pennsylvania Insurance Department’s Consumer Services Bureau. We will get in touch with the company to find
whether such a policy exists, and if it does, advocate on behalf of the
consumer to see the beneficiaries are paid according to the wishes of the
Likewise, if you have a policy issued by a company that is
now out of business, the assets of that policy should have been transferred to
another insurer for payment at the proper time. If you have the name of the individual who
took out the policy and the company that originally issued it, the Insurance
Department will trace the history of the insurer and identify the company that currently maintains the policy. We’ll
provide the information to you so you can file your claim.
Contact the Pennsylvania Insurance Department’s Consumer
Services Bureau under Consumers tab of this website or call 1-877-881-6388.