Here is a great website to consider if you want to make sure your loved ones get all the information they may need when filing for the life insurance claim. It is called www.findyourpolicy.com.
According to their website, "FindYourPolicy.com is designed to ensure your beneficiaries can file a claim for your life insurance. Use our site to register your Life Insurance Company Name so that it can be found by your beneficiaries. Many times, when a life insurance policy holder passes away, his or her beneficiaries don't know where the life insurance policy was held, which can mean that the benefits are delayed or never paid out."
Its free for the policy holder to register their life insurance policy and for $9.95 beneficiaries can search the policy database.
Hello Bobbie,
Thank you for mentioning FindYourPolicy.com. I wrote them and they explained in great detail the pros of registering the company name you have life insurance with. I immediately signed up since it was free and there was no risk of identity theft. Very interesting concept that should be looked into with more detail.
for 9.95, not too bad
MIB charges 75.00