Beneficiaries Of Unclaimed Life Insurance Policies Can Really Use The Money

It is just a shame that money owed to some beneficiaries of unclaimed life insurance policies never get to them during their lifetimes. I spoke with some representatives of life insurance companies to see how many phone calls daily they receive asking for them to search their database for lost life insurance policies. I had one company say 100’s a day. I had another company tell me 1000’s a day and they even elaborated that it was a total waste of the consumer’s time as well as resources and man power of his company. He said that they will never find it if they do not know which company their loved one bought it from. Well, I took this opportunity to explain to him; telling him that it is a safe and a much needed service. He listened to me for around 10 minutes with me explaining the benefits could have to his life insurance customers. Even with him telling me that it was a waste of time for anyone calling his company to search for a lost life insurance policy, he did not want anything to do with me. He flatly told me that he did not feel was a benefit to his life insurance customers.
Now as a life insurance agent myself, I took offense to this comment. Isn’t it the responsibility of the life insurance agent (regardless of the company they work for) to do what is best for the customer. Don’t you think that registering anyone with life insurance on a central database so that their beneficiaries can locate the company name that holds their life insurance policy is the best thing for the customer? Well I do. Not only does allow an individual to register the company name they have life insurance with, we never ask for your social security number, policy numbers, amounts or any proprietary information. And it’s FREE. All an individual needs to find a life insurance policy is the company name. Since there are over 2000 life insurance companies in the United States alone, having the company name on a central database will solve a major problem that gets recognized only when it is too late; lost life insurance policies.

Until next time Michael Hartmann

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