Welcome to Lost Life Proceeds The purpose of life insurance is to protect against loss of income, and/or assist in funeral expenses, but policyholders often forget or neglect to inform their family of the policy's existence. As a result, every year thousands of life insurance policies and money go unclaimed. Insurance companies would like to distribute what is rightfully due, however, they lack the updated files and the responsibility to claim benefits lies with the survivors. How sad to think a loved one's planning for their heirs is not completed due to poor records. There are many people who find themselves faced with the arduous and traumatic task of going through a deceased loved one's financial accounts. Our sympathies are with you if you are in this position. Lost Life Proceeds offers you the peace of mind that comes from knowing an exhaustive life insurance policy search has been done. When settling the estate of a parent, grandparent or someone for whom you are the executor or executrix, you may find that accurate records of life insurance policies may be impossible to locate. Many times the policyholder and beneficiary information has not been kept updated. For example, they might have moved and forgotten to notify the insurance company. This can possibly result in unclaimed monies. After a period of time, these monies may be transferred to the state via Escheatment Laws. These policies that are lost in limbo not only effect the beneficiary but also the estates of the beneficiary and the owner. An example of this is a grandparent who buys a paid up life insurance policy on a grandchild. Their intention is to give it to the child when he/she turns 18. The grandparent dies before the child is grown and there is no policy in their personal papers. There is no way for the insurance company to know of the death of the grandparent, so any money in that policy will probably go to the state. The insurance companies are not being underhanded, they just lack updated files. How sad to think a loved one's planning for their heirs is not completed due to poor records. What Lost Life Proceeds Does For You Lost Life Proceeds' expertise lies in the life insurance industry. We want to search for unclaimed life policies when the beneficiary of record is unable to be located. According to LIMRA, there are approximately over 1 billion dollars of life proceeds that are unclaimed. One might wonder how this could be, who's paying the premium for these policies? As in the example of the grandparent who bought either a paid-up or a whole life policy on their grandchild, these policies would have built cash value. This cash will automatically pay the premium should the policyholder cease to pay. Lost Life Proceeds will search over 500 Life Insurance Companies in the United States. Most policies may have a paid up status between 15 and 20 years. If a positive hit is found on your loved one, a response from the insurance company is sent directly to you, thus keeping all information confidential. At this point, you will contact the notifying insurance company(ies) and file a death claim. As with all life policies, you will need to provide all the data requested for a death claim (i.e. executor status, power of attorney and a death certificate.) |
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How Lost Life Proceeds Works While Lost Life Proceeds can not guarantee all searches will produce viable policies, we do believe that we can offer the most extensive search available at this time. For a charge of $49.99 per individual searched, we will send your request, provide the life insurance companies with the appropriate e-mail address and request a response only if there is a positive hit on your inquiry. Your privacy is paramount. In order to process your request we will need the following information:
Upon receipt of payment, we will proceed with the search. We will contact you after we institute the search. You should receive notification of positive hits within 90 days. To initiate a search, please click here. If your search has resulted in a positive return, please share your experience with us. info@lostlifeproceeds.com Once again, our sympathies are with you.  |
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