LITTLE ROCK – Arkansas Insurance Commissioner Allen Kerr today released the following statement announcing that Arkansans located lost life insurance policies worth $5,315,485 in 2019 as part of the free online Life Insurance Policy Locator service provided by the Arkansas Insurance Department and the National Association of Insurance Commissioners (NAIC):
“The Life Insurance Policy Locator is an important tool for Arkansans as many relatives of lost loved ones may not know that they have been named a beneficiary of a life insurance policy or simply didn’t know if a life policy had ever been purchased. We are happy to report that families in our state have been reunited with $5.3 million in 2019.”
Since the locator’s creation in November 2016, Arkansans have conducted 2,272 searches, resulting in 664 successful matches for benefits totaling $10,489,373. Nationwide, the Life Insurance Policy Locator has found $790,942,877 in lost life insurance benefits.
Arkansans can start their search by taking the “Life Insurance Policy Locator” link on the Arkansas Insurance Department homepage. Consumers with additional questions should contact AID’s Consumer Services Division at 800-852-5494.