OCI, NAIC Launch Life Insurance Policy Locator Service
Madison, WI—The Office of the Commissioner of Insurance (OCI) and the National Association of Insurance Commissioners (NAIC) launch the Life Insurance Policy Locator Service to assist Wisconsin consumers in locating lost benefits from life insurance policies and annuity contracts.
"In many cases, the point where individuals are searching for a lost life insurance policy is a particularly vulnerable time in their lives," said Commissioner Ted Nickel. "This tool will help ease the process and streamline efficient services to Wisconsin consumers and insurance companies."
The NAIC's Life Insurance Policy Locator Service provides nationwide access for assistance in locating life insurance policies and annuities. Individuals who believe they are beneficiaries, executors, or legal representatives of a deceased person may submit a search request form. Consumer requests are encrypted and secured to maintain confidentiality. Participating insurers will compare submitted requests with available policyholder information and report all matches to state insurance departments through the locator. The insurers will then contact beneficiaries or their authorized representatives.
Access to the NAIC Life Insurance Policy Locator Service is now located on OCI's Web site under the "Consumers/Life Insurance and Annuities" page at
oci.wi.gov/Pages/Consumers/LifeAndAnnuities.aspx.
Created by the Legislature in 1870, Wisconsin's Office of the Commissioner of Insurance (OCI) was vested with broad powers to ensure that the insurance industry responsibly and adequately met the insurance needs of Wisconsin citizens. Today, OCI's mission is to lead the way in informing and protecting the public and responding to its insurance needs.