New online tool helps people find lost life insurance policies

Insurance Commissioner Mike Kreidler today announced a new national online service that helps consumers find a deceased person’s lost life insurance policies and annuities.

The National Association of Insurance Commissioners created the new online Life Insurance Policy Locator. It provides nationwide help in finding old life insurance policies or annuities. An estimated $1 billion in benefits are unclaimed, according to Consumer Reports.

“Many people don’t know where to begin when searching for a lost life insurance policy or annuity,” said Kreidler. “The life insurance policy locator streamlines and simplifies the process for consumers and insurance companies.”