New locator will find beneficiaries

News

ILLINOIS — Families can now find their loved ones’ lost life insurance policies quicker.

The Life Insurance Locator allows beneficiaries to submit a copy of the death certificate.

The Department of Insurance will contact nearly 500 companies to search for records of the person’s policy and beneficiaries will receive information within 30-days.

It’s responded to more than 400 requests so far. Families have claimed nearly $2 million with the help of the locator since July, 2016.

Copyright 2020 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Golf Tour Extravaganza 2020
Fill out my online form.