Website aids Ohioans searching for missing life insurance funds

        The Ohio Department of Insurance has a new website to help Ohioans locate a deceased family member’s missing life insurance policy or annuity contract.
        The Life Insurance Policy Locator is a free service operated by the National Association of Insurance Commissioners. The user-friendly site requires basic information to get started. The Ohio Department of Insurance has been offering this service for over 10 years, but decided to transition to the national search application to provide Ohioans a more comprehensive search tool.
        The Locator can be found on the department’s website, www.insurance.ohio.gov, or at https://eapps.naic.org/life-policy-locator/#/welcome. 
        “To date, the department’s system has matched thousands of individuals with previously unclaimed beneficiary funds in excess of $11 million,” Director Jillian Froment said. “This search service provides a real benefit to Ohioans, simplifying what otherwise could be a cumbersome and lengthy process identifying potential beneficiary life insurance proceeds.”
        Individuals who believe they are beneficiaries, executors or legal representatives of a deceased person may submit a search request. Insurance companies receive the requests, search their records, and directly contact the individual only if a match is made, typically within 90 business days.
        For more information about the Locator, call the department at 1-800-686-1526.