Ohioans may want to check with the Ohio Department of Insurance to see if they have any uncollected life insurance.
Launched in 2009, Department of Insurance’s missing life insurance policy and annuity contract has matched 2,043 individuals to beneficiary funds totaling $11.4 million from the policies of deceased Ohio residents
This service, the first one in the country, is a free service designed to help residents uncover millions of dollars in life insurance funds which they are rightfully due, according to a news release from The Department of Insurance.
"The Department of Insurance is connecting Ohioans to insurance benefits they may not know they had through this helpful program," Ohio Governor Mike Dewine said. " I hope Ohioans use this website and will contact the the Department of Insurance if they have questions about a current or outstanding life insurance policy."
September is Life Insurance Awareness Month and according to Insurance Director Jillian Froment, the department wants to make sure every Ohioan is aware of the missing life insurance policy program.
"Many consumers may not realize they could be due life insurance policy proceeds or maybe they tried but could not locate the policy," Froment said. "We can help in those circumstances and encourage all Ohioans with questions about life insurance to contact us."
To initiate a search request for missing life insurance, intermediate family members of the deceased person, executors or legal representatives should visit the consumer section at www.insurance.ohio.gov.
Ohio life insurance companies receive the requests, search their records and contact the beneficiary directly if there is money to be paid.
Ohioans can also visit www.missingmoney.com to learn if they have unclaimed property, including those associated with life insurance policies and annuity contracts.
"The Ohio Department of Commerce is responsible for taking reports of unclaimed funds that result when an account becomes dormant and the business no longer has contact information for the current account owner," the news release said.
Consumers with questions about the Department of Insurance’s missing life insurance policy and annuity contract search service can call 1-800-686-1523.