It Happens Every Day
Life insurance policyholders often fail to inform the beneficiary(s) of the policy's existence. As a result, the death benefits for many life insurance policies may go unclaimed. Insurance companies would like to distribute what is rightfully due, but the responsibility to claim benefits lies with the beneficiaries. It is possible, if not likely, that millions of dollars in life insurance proceeds go unclaimed by beneficiaries from U.S. and Canadian insurance companies.
Policy Locator Service
If you are an executor or administrator of a decedent's estate, you are entitled to order the report. In cases where no executor or administrator will be appointed, then a surviving spouse or the decedent's closest surviving relative may be eligible to order the report. The Policy Locator Service may allow you to discover life insurance policies that you did not know existed.
- 180 Million Records. The decedent's name is searched against our Policy Locator Service database. It contains over 180 million records representing inquiries submitted on individually underwritten life insurance applications processed since 1996.
- Largest Fraud Detection Service. The data is collected by from virtually every North American life insurer involved in the underwriting of individual life insurance.
- Match Against Applications. It is important to note that a Policy Locator search provides evidence that an application was submitted on the life of the decedent and such an application may have resulted in the issuance of a policy.
Effectiveness
Customers using the Policy Locator Service experience response rates of nearly 30%1. Often, multiple applications are reported. It provides an efficient and effective alternative to labor intensive manual searches. Our extensive historical archives can trace the mergers and acquisitions of many life insurance companies, thereby revealing the identity of the successor life insurer. For $75 per search, you can put the industry's most powerful policy locating resource to work for you.
1 Results cannot be guaranteed.
DISCLAIMER OF WARRANTIES
The existence of a Policy Locator Service record does not mean that a life insurance policy was issued, merely that an application was made for it. There are no warranties for services provided hereunder, expressed or implied, including without limitation the implied warranties of merchantability, merchantable quality and fitness for a particular purpose. In no event shall MIB Solutions, Inc., or any of its affiliates or agents be responsible for any indirect, special, incidental, consequential or similar damages to any person or entity regardless of the legal theory. Further, in no event shall MIB Solutions, Inc. or any of its affiliates be responsible for any damages which exceed the total of all fees paid by the PLS requestor to MIB Solutions, Inc.
If you are having trouble downloading the brochure/application, contact us at:
Adobe Reader 6.0 or higher is required.