At AccuQuote, we passionately consider within the energy of life insurance. Having the security and safety of Life Insurance might help your family members keep of their house and pay payments, must you cross on earlier than your time.
However many individuals die with out ever informing their households that they even had protection. Maybe the coverage holder obtained divorced, then remarried and didn't replace the beneficiary info. Or perhaps the insured merely forgot concerning the coverage solely. Evidently, there may very well be a dozen the explanation why this oversight occurred. However whatever the purpose, the tip results of any such info lapse may very well be tragic for these left behind.
Nevertheless, when you stay in Illinois, survivors can get some assist from the state's Division of Insurance coverage and the Illinois Treasurer's Workplace in finding misplaced insurance policies. Working with the Illinois Funeral Administrators Affiliation (IFDA), each of those state businesses will quickly present "info playing cards" to all funeral properties situated within the Land of Lincoln.
The Illinois Division of Insurance coverage will supply a "coverage locator service" that may assist survivors discover misplaced Life Insurance insurance policies. As soon as a survivor's request is submitted, the division will contact all Illinois licensed carriers and request that they search their information for any Insurance Policies below the deceased's identify.
The Illinois Treasurer's Workplace may also assist with discovering misplaced insurance policies. Some insurance corporations give up Insurance Policies which have gone unclaimed for a protracted time period to this workplace. After filling out a easy on-line type, a proper search will be initiated.
The Illinois Division of Insurance coverage, the Illinois Treasurer's Workplace, and the IFDA are serving to survivors higher "connect-the-dots" in terms of recovering misplaced life insurance. We hope extra states will do the identical.
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