The load of cogent evidence and aggregation of benefits rests on the named beneficiary. If a life policy travels unclaimed, the company can take hard cash value out of the policy to maintain it going, or cut down the human face value. Reducing the human face value shrivels the amount that the donee receives. Usually the policy is cancelled completely for insurance premiums owed that have got not been paid. All travels to the present coverage company, unless you can track it down within a sensible clip period.

Make certain the insured cognizes the current name of the life coverage company insured with, and that any donees cognize about it also. An coverage company may have got changed its name, location or ownership three modern times within the past 5 years. Remember that if your mail to the coverage company acquires returned, your telephone figure to the coverage company probably will no longer exist. Also if the agent who sold the policy was in the concern under 4 years, there is a 90% opportunity that he if no longer there.

Does a life coverage directory even be on the internet? After thorough searching using many hunt terms, it was not found. Just a simple coverage directory of health, annuity, and active life coverage company headquarters, showing the full name, the mailing address, and where possible a telephone set number. With an coverage company cyberspace lookup, the NAIC codification is indispensable to know.

A field "NAIC" supplies a codification figure to turn up or place an coverage company. Remember that when the life coverage company directory under type shows LIFE, the coverage company could specialise in life, annuity, or wellness coverage police forces or all three. When the type shows francium that agency a Fraternal Life company information is displayed. HIC under type mentions to Health Insurance Corporation. Some companies are difficult to locate, as often they are not licensed in all states.

An NAIC codification could be very convenient if you have got an attorney, who with this NAIC figure should be able to track down the company, and the parent company who NOW have it. You should do certain that you compose a short letter on the life coverage policy with the NAIC code. It could salvage a batch of defeat in the future.

Examples:

Life 78700 Aetna Health and Life Insurance Company

151 Farmington Avenue, RT21 Hartford, Connecticut 06156 860-273-0123

Life 60380 (AFLAC} American Family Life Assurance Company

COLUMBUS, gallium 31999 706-323-3431