INDIANAPOLIS – Thousands of U.S. consumers have reaped the benefits of the Indiana Department of Insurance’s (IDOI) and the National Association of Insurance Commissioners’ (NAIC) Life Insurance Policy Locator during the locator’s first year. In Indiana, 144 beneficiaries have been matched with $609,591.72 total claims since its launch last November.
The consumer tool has matched 8,210 beneficiaries with lost or misplaced life insurance policies or annuities nationwide – totaling $92.5 million returned to consumers.
“Regulators identified the mounting problem of lost policies and worked together to design this resource to help consumers find money that is owed to them,” said Indiana Department of Insurance Commissioner Stephen W. Robertson. “We encourage Hoosiers to log in to see if they are owed money.”
More than 40,000 consumers have conducted searches since the policy locator was launched. The IDOI and the NAIC developed the locator in 2016 to provide search capabilities to help find lost life insurance policies and annuities. For information on how to complete the request form, visit locator.naic.org.