Life insurance policyholders often fail to inform the beneficiary(s) of a policy's existence. As a result, the death benefits for many life insurance policies may go unclaimed. Insurance companies would like to distribute what is rightfully due, but the responsibility to claim benefits lies with the beneficiaries. It is possible, if not likely, that millions of dollars in life insurance proceeds go unclaimed by beneficiaries from U.S. and Canadian insurance companies.
Executors or administrators of a decedent's estate are entitled to order a report of life insurance application activity. If no executor or administrator has been appointed, then a surviving spouse or the decedent's closest surviving relative may be eligible to order the report. The Policy Locator Service may allow you to discover life insurance policies that you did not know existed.
Customers using the Policy Locator Service experience response rates of nearly 30% 1; often, multiple life insurance applications are reported. The Policy Locator Service provides an efficient and effective alternative to labor intensive manual searches. Our extensive historical archives can trace the mergers and acquisitions of many life insurance companies, thereby revealing the identity of the successor life insurer. For $75 per search, you can put the industry's most powerful policy locating resource to work for you. We'll include a copy of our 'Policy Locator Research Primer' to help you identify other potential sources.
1 Results cannot be guaranteed.
The Policy Locator Service is an offering of MIB Solutions, Inc. a subsidiary of the MIB Group, Inc.
DISCLAIMER OF WARRANTIES AND LIMITATION OF LIABILITY
The existence of a Policy Locator Service record does not mean that a life insurance policy was issued, merely that an application was made for it. There are no warranties for services provided hereunder, expressed or implied, including without limitation the implied warranties of merchantability, merchantable quality and fitness for a particular purpose. In no event shall MIB Solutions, Inc., or any of its affiliates or agents be responsible for any indirect, special, incidental, consequential or similar damages to any person or entity regardless of the legal theory. Further, in no event shall MIB Solutions, Inc. or any of its affiliates be responsible for any damages which exceed the total of all fees paid by the Policy Locator Service requestor to MIB Solutions, Inc.