Posted by (03/28/19/CA American Life Insurance Guide(Net) The online asset query system launched by the California Insurance Bureau helped California residents get back $2017 million in compensation in 1730.
The California Insurance Bureau recommends that residents of this state check the system to find out if there is a sum of money to claim.
In 2017, California residents got back $1730 million in compensation from various types of "lost" life insurance.This number reminds California residents that there is now a faster way to check whether they are all kinds of "lost"Life Insurance Policy Beneficiary.
"This policy query system has played an important role in the lives of thousands of Californians," the outgoing California Insurance Commissioner Dave Jones once commented, "This tool effectively protects consumers who have lost policy information. Linked with funds to be claimed."
None of the residents who claimed $1730 million knew that they were actually set up as life insurance policy beneficiaries
Don't know if you are a beneficiary of a certain life insurance policyThis situation is very common.This means that many people should receive a large sum of money, but they did not receive it immediately.To solve this problem, the California Department of Insurance launched a life insurance policy query system in the state several years ago.Since the system first started, it has identified more than $3380 million in life insurance policy payments, and these assets may never have been claimed.
Across the U.S., 25,000 people have been identified, with $3.68 million in assets waiting to be claimed.
How to use the policy inquiry system
California's life insurance policy query system can be used free of charge.The system can help users search for deceased life insurancePolicyholderRecords, as well as bank accounts, income tax records and safe deposit boxes.This means that even if the deceased policyholder has never told the beneficiary about these policies and property records, California residents still have a channel to discover and find these things that may be left to them.
"Before using this service, you need to carefully search the records of the deceased." The official website of the California Department of Insurance states.
(U.S. Life Insurance Guide Website https://www.uslifeinsuranceguru.com)
