Life Insurance: Lost and Found

New centralized web-based service offered to life insurance policy holders to register and track insurance policies. Free to register and inexpensive to search for unclaimed or lost policies.

PRLog (Press Release) – Dec 17, 2010 – An easier way to track and find lost life insurance policies is now available to the general public. Any insurance policy holder can track their own policies in this new centralized database making it easier for beneficiaries to streamline the collections process. Founders of http://www.findyourpolicy.com, Michael and Edmund Hartmann were left to settle the affairs of their father’s estate after he died of cancer. They quickly became frustrated in attempting to research their father’s insurance policies. Not knowing which insurance company to contact and then not receiving adequate customer service seemed to make the process impossible. Michael and Edmund Hartmann decided to create a simple solution to keep track of and research insurance policies of loved ones. They have created a centralized database where insurance agents and individuals can register the policies for free. When it comes time to research the policies a nominal fee is charged to retrieve the information. A portion of this fee is donated to cancer research in honor of their father.

An estimated 1 out of every 4 life insurance policies go unclaimed each year for various reasons, the most common of which is misplaced policy information. Unclaimed life insurance policies are retained by the insurance companies until proper claims are made by the beneficiaries. If no claim is made then no payout is expected. It is the responsibility of the beneficiaries to submit claims. If the beneficiaries are not aware of who or where to make claims, it can become a very frustrating process, as experienced by Michael and Edmund.

To register is easy and free. The process requires basic information on the policy holder and the company name which holds their life insurance policy. A social security number or policy number is never required. Policy owners can always reenter the site for free to make any updates or changes as they wish, while loved ones looking for their information can retrieve it by searching the database for $9.95 (US). Thus avoiding the painstaking process of searching through over 1500 insurance agencies trying to find out which one held the policy. The simple, easy to use, centralized database provides peace of mind to policy holders by securely storing the information for later retrieval.

When it comes time to retrieve your information, www.findyourpolicy.com is very helpful even if you are not registered with them. First, if you are registered with them, then they will provide you with your stored information. You are also given instructions on what to do next. If for some reason your deceased loved one did not register with www.findyourpolicy.com, you will receive a 17-point checklist on what to do, a list of the top 100 insurance companies, and links to correct contact information within those companies. Plus you will receive instructions on a 5 step process on how to work with the insurance company and to make a claim. It is clear that keeping track of your valuable insurance policies is important. What better way than to secure it in an organized database. www.findyoupolicy.com will help them be able to quickly receive what you have been paying for.

Contact: info@findyourpolicy.com

www.FindYourPolicy.com

1-888-461-7333

Source: www.prlog.org