Commissioner Mike Chaney announced Wednesday that the Mississippi Insurance Department, in partnership with the National Association of Insurance Commissioners (NAIC), now offers a free service that helps Mississippi consumers in their search to locate a deceased love one’s unclaimed life insurance benefits.
“The life insurance policy locator will streamline and simplify the process for Mississippians who don’t know where to begin when searching for a lost life insurance policy,” said Chaney.
The NAIC’s Life Insurance Policy Locator provides nationwide access for assistance with finding life insurance policies and annuities. An estimated $1 billion in benefits from life insurance policies are unclaimed, according to Consumer Reports. A link to the service can be found on the Mississippi Insurance Department Consumer Service page of the department’s website www.mid.ms.gov.