NAIC Launches New Tool To Find Insurance Policy Benefits and Annuities

The National Association of Insurance Commissioners (NAIC) has launched a new nationwide finding tool for life insurance policies. “The National Association of Insurance Commissioners (NAIC) today announced a national service that provides consumers with search capabilities to help them find a deceased person’s lost life insurance policies and annuities…. Consumer requests are encrypted and secured to maintain confidentiality. Participating insurers will compare submitted requests with available policyholder information and report all matches to state insurance departments through the locator. Companies will then contact beneficiaries or their authorized representatives.”