Thursday, 18 April 2019

Life Insurance Policy Locator tracks over $11M | Local News – Elk Valley Times

Tennessee consumers have been matched with policies totaling $11,148,069 in the past 12 months through the Life Insurance Policy Locator, a free service provided through the National Association of Insurance Commissioners (NAIC) via the Tennessee Department of Commerce & Insurance (TDCI).

The NAIC launched the free national locator service in November 2016 to make it easier to connect consumers with lost life insurance policies or annuities. In Tennessee, 866 beneficiaries have been matched with a total of $15,791,028 so far.

“The response we’ve received nationally and in Tennessee to the policy locator has been greater than anyone could have anticipated,” said TDCI Commissioner and NAIC President Julie Mix McPeak. “State insurance regulators saw there was a need for a national service that efficiently connected consumers with lost policies and monies they were owed. This valuable service helps ease a burden for family members who might be grieving after the loss of a loved one.”