Lost Life Insurance Policy: What to do?
http://insureme.us/lost-life-insurance-policy-do/
Life insurance policies are purchased by people who want to provide their family with the same or better quality of life even after they are gone. Sometimes though, the insureds tend to wait for too long before informing the beneficiaries and the intended recipients have no clue of the existence of a life insurance policy at all long after the death of their loved ones. The insureds pass away without ever telling anyone of their life insurance policies and the insurance companies, no matter how much they would want to distribute to the intended recipients are unable to. The responsibility for claiming the benefits lies with the beneficiary and without his or her knowledge of a policy they will not be able to file a claim. It’s a cruel cycle that anyone taking out a life insurance policy must avoid at all costs lest they will have invested their money in vain.
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