Mutual Life Insurance Company of New York 787 Seventh Avenue, 49th Floorįarmers New World Life Insurance Co. of North AmericaĬonnecticut General Life Insurance CompanyĮquitable Life Assurance Society of the U.S.Įquitable Variable Life Insurance Co. New rules taking effect in 2012 require a more diligent effort, but estimates are $1 billion in unclaimed life insurance among the major underwriters.Įven so, missing heirs can be difficult to find, due to name changes after marriage or divorce, an unreported change of address or expired postal forwarding order after a move, and incomplete or illegible records.Įven if your insurance company no longer exists, payments of up to $300,000 are possible from state insurance guaranty associations. If you have reason to believe a life insurance policy exists but have not received payment, go to Missing Life Insurance Policy SearchĪllianz Life Insurance Co. Life Insurance Payouts Owed Heirs & Beneficiariesīecause it is the job of beneficiaries to notify the life insurance company of a policy owner’s death, more than one-quarter of all life insurance policy benefits go unclaimed, because family members simply aren’t aware a policy exists or don’t know how to find it.Ī recent government audit found most life insurance companies make little effort to trace or track down missing heirs, even when it is known the policy holder is deceased.
Unclaimed Life Insurance Policy Demutualization Payments.
