by John Darer® CLU ChFC MSSC CeFT RSP CLTC
Did you know that the National Association of Insurance Commissioners (NAIC) can assist consumers in locating life insurance policies and annuity contracts of a deceased family member or close relationship, or executors of a deceased’s estate?
Before the NAIC will move forward, a consumer must acknowledge
- I have made a diligent search of the deceased person’s records and property, including bank statement and safety deposit boxes. I have asked family members to identify all life insurance policies and annuity contracts that I have reason to believe covered the life of the deceased person named in the following request. The information I have provided is complete and accurate to the best of my knowledge.
- Life insurance companies will respond directly to me only if they have reason to believe they have any life insurance policies or annuity contracts in the name of the deceased, and I am the designated beneficiary or I am authorized to receive information.
- An insurance company may require additional information from me. This may include a notarized death certificate and documentation of my legal authority to request or obtain information about the deceased.
- The NAIC’s role with this request is to make it available for insurers to research.
When a request is received, the NAIC will:
- Ask participating companies to search their records to determine whether they have a life insurance policy or annuity contract in the name of the deceased.Note that insurance company participation is voluntary.
- Ask participating companies that have policy information to respond to the requester if the requester is the designated beneficiary or is authorized to receive information.
- For information on how to complete the request form, please see the Frequently Asked Questions.
- It can take up to 90 business days to be contacted , so be patient.
Note that if you know the name of the insurance company your first call should be to the insurance company, or your agent if you have one.
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