Lost Life Insurance…Procrastination

Hello All,

Procrastination will not help your family when you have passed away. As a matter of fact, we cannot wake you up and ask where you bought that life insurance policy. Once forgotten never found. I have personally been involved with friends that took our service for granted and said they will get around to it. Getting around to it, does not take more than 1 minute to register the company name they have life insurance with. If you only knew how many individuals are out there that wished they could find the only thing that could help them pay for a funeral, pay for the mortgage, pay for food…..If they only registered the accidental death life insurance they got for free from a credit card or that policy they received from their parents when they took it out. It is way to simple to forget and not remember where you put the paperwork after you moved. FindYourPolicy.com never forgets and it free to register.
Check out this article. It explains again why a central life insurance database is needed. And FindYourPolicy.com is just that database.
http://www.foxbusiness.com/personal-finance/2011/06/20/hide-and-seek-why-theres-no-national-database-life-insurance-policies/

Until next time Michael Hartmann
www.findyourpolicy.com
@findurpolicy

Always remember our Mission Statement

“To be the best in serving our members by providing peace of mind that their beneficiaries receive their inheritance”

Lost Life Insurance

Hello All,

It is said that over 25% of life insurance policies go unclaimed. There really is no way of knowing if this number is correct or not. Unless the insurance companies call every beneficiary and ask if the insured person has passed away, we will never know. It is up to the insured person to register on a central life insurance database and guarantee their beneficiaries will never be left guessing about their life insurance. It is simple and so effective and most importantly free to register. Think about all the things that could go wrong. FindYourPolicy.com is Insurance on your Insurance. You can forget but FindYourPolicy will not…
www.findyourpolicy.com

Until next time Michael Hartmann
www.findyourpolicy.com
@findurpolicy

Always remember our Mission Statement

“To be the best in serving our members by providing peace of mind that their beneficiaries receive their inheritance”

New Attorney General Extends Probe Into Life Insurance Company Beneficiary Payouts

Hello All,

We always seem to come across articles that scream “We need a central life insurance database”. FindYourPolicy.com is just that database. It is free and very needed. Enjoy this article

http://finance.yahoo.com/news/New-Attorney-General-Extends-prnews-3912815770.html?x=0&.v=1

Until next time Michael Hartmann
www.findyourpolicy.com
@findurpolicy

Always remember our Mission Statement

“To be the best in serving our members by providing peace of mind that their beneficiaries receive their inheritance”

Preventing Lost Life Insurance

Hello All,

It has come to my attention there are many ways of advertising a service. Twitter, Facebook and LinkedIn are new venues for me to advertise and it’s free to do so. We have started a twitter account @findurpolicy and we do have a facebook account FindYourPolicy.com and I have a LinkedIn profile. Do all these actually work? I have to admit that it was hard to accept at first, however, I truly believe since we first started with the social network scene we have met amazing people and great advocates of FindYourPolicy.com
We now have more agents than ever before contacting us about offering FindYourPolicy to their life insurance clients. We freely send them our Flyer (PDF format) so they can insert it into the life insurance paperwork or simply hand it out.
If you are interested in our Flyer for your clients, or have any questions about how our service works and how it can benefit your life clients, please feel free to contact me directly.

Until next time Michael Hartmann
www.findyourpolicy.com
@findurpolicy

Always remember our Mission Statement

“To be the best in serving our members by providing peace of mind that their beneficiaries receive their inheritance”

Average of 60% of assets a year go unclaimed…..

According to the Life Insurance Selling, they write that an average of 60% of assets(which includes life insurance) goes unclaimed every year. The solution to this problem is a life insurance database which FindYourPolicy.com is. It is free security that prevents your family members from ever loosing your information. Interesting article:
http://www.lifehealthpro.com/2011/10/01/mitigate-the-collateral-unclaimed-property-damage

Until next time Michael Hartmann
www.findyourpolicy.com
@findurpolicy

Always remember our Mission Statement

“To be the best in serving our members by providing peace of mind that their beneficiaries receive their inheritance”

Lost Life Insurance…..

The thought of not knowing if your beneficiaries actually do know where all your financial information, like life insurance is located never crosses most peoples mind. Throughout the years we have received calls and emails of individuals that are finding this out late.
It takes three minutes to register the company name that you have life insurance with and even faster to forget about it. I always like to tell people…”You can forget but FindYourPolicy.com will NOT”

If you are an agent, please email us for our new flyer (in PDF format) you can print out, distribute and give to your life insurance clients. Just informing them will give you a client for life, telling them you not only sold them the life insurance but you are guaranteeing them, their beneficiaries will find it.

Until next time Michael Hartmann
www.findyourpolicy.com
@findurpolicy

Always remember our Mission Statement

“To be the best in serving our members by providing peace of mind that their beneficiaries receive their inheritance”

Can the Courts Change Your Life Insurance Beneficiary

Can the court change a life insurance beneficiary named on the policy? 


There have been certain cases in which the court didchange a life insurance beneficiary named on the policy, but it always included a legal battle of sorts and some valid reasons as to why the beneficiary should be changed. Further, this decision cannot be made by the life insurance company. It always must be a court-based decision to change the beneficiary if the insured has died.
But let’s not get ahead of ourselves. Let’s first start with defining the term “beneficiary”. The primary beneficiary is defined as the person who will receive the payouts from the life insurance when the insured passes away. If for some reason the primary beneficiary dies before the insured, the contingent beneficiary receives the life insurance benefits. And for most purposes, a beneficiary can be changed by the insured filling out the necessary paperwork required by the insurance company.
There are two general types of beneficiaries. The first is referred to as a revocable beneficiary, which means that you have the ability to change them in the future by simply filling out the necessary paperwork with the insurance company as previously discussed. The second is called an irrevocable beneficiary. This is a beneficiary that cannot be changed unless the beneficiary actually legally agrees to the change. If the irrevocable beneficiary refuses to sign the insurance company’s necessary paperwork, they will stay on the policy and a court will most likely be unable to change the conditions.
The courts typically end up getting involved when the insured dies and there are questions regarding to the named beneficiaries. These are certain situations which tend to prompt “gray areas” which can quickly escalate into legal battles. For instance, when marriages, divorces, births or even deaths happen very near to the insured’s death, this can create a question of if those new individuals should have been added/removed from the policy as a beneficiary.
These types of situation create the perfect storm for a legal battle to prove that someone should have been added or removed a life insurance policy as a beneficiary prior to the insured’s death. Further, if the insured is very ill and makes significant changes to the beneficiary very close to the end of their life, this can also create a situation in which there is a legal question of whether the insured was of sound mind at the time the decisions were made. Another potential scenario is when the family members of the insured do not agree with the beneficiary choices made, and this can result in a court case to be changed as well.
All of these situations end up being a warning for those that are going through the process of naming beneficiaries for a life insurance policy. Here are a few tips to keep in mind while deciding who and how many beneficiaries to name on your life insurance policy:
First off, if you are naming a minor beneficiary, keep in mind that you must also appoint a guardian to help manage the benefits until the minor beneficiary reaches 18. There should be thoughtful consideration into whom that guardian will be, as they will possess much of the power over the intended benefits.
Second, make sure to clearly state full names of the intended beneficiaries. Further, it is wise to include exact percentages or amounts that you would like them to receive. The less ambiguity, the less chance this will end up getting questioned or taken to court.
It is a wise decision to consider naming contingent beneficiaries to the policy. As previously defined, these are contingent beneficiaries that will only receive monetary payouts if the primary beneficiary dies before the insured. This way it will protect your benefits if the primary beneficiaries are not able to receive the payouts. There is also a final layer of protection called tertiary beneficiaries, which assumes that if the primary and contingent beneficiaries die before the insured, the tertiary beneficiary will receive the proceeds.
As stated before, the court does give options to someone that is looking to change the beneficiary on a life insurance policy for a multitude of reasons. However, it is always best to take precautions, plan ahead of time, and update your policy on a regular basis to avoid putting your loved ones through court room confrontations.

Until next time Michael Hartmann
www.findyourpolicy.com
@findurpolicy

Always remember our Mission Statement

“To be the best in serving our members by providing peace of mind that their beneficiaries receive their inheritance”

National Underwriters Life and Health Magazine

Hello All,

We have been recently featured in the popular National Underwriters Life and Health Magazine. A great article that asks the question, “Why are insurance companies not using us?”
Help us get out there. Protect yourself, your families and your clients from loss. Register for free on FindYourPolicy.com and you will never have to worry about loss.

http://www.lifehealthpro.com/2011/10/07/agent-tries-to-supplement-the-shoebox-in-the-close?t=life-products

Until next time Michael Hartmann
www.findyourpolicy.com
@findurpolicy

Always remember our Mission Statement

“To be the best in serving our members by providing peace of mind that their beneficiaries receive their inheritance”

Lost Life Insurance

Hello All,

I would like to thank Rich Vasquez from Premium Share LLC  www.premiumshare.com for finding this article on lost life insurance. It mentions the stress an individual goes through when they cannot find the policy they paid for. This happens all the time and should not be taken for granted. FindYourPolicy.com solves this problem for free. Please seriously concider our service when buying or selling life insurance policies to an individual.
http://www.foxbusiness.com/personal-finance/2011/10/06/how-to-locate-old-life-insurance-policy/

Until next time Michael Hartmann
www.findyourpolicy.com
@findurpolicy

Always remember our Mission Statement

“To be the best in serving our members by providing peace of mind that their beneficiaries receive their inheritance”