Taking the initiative: Tips for locating a lost life insurance policy
Back in April, our blog reported on a new Florida law now in effect that’s designed to combat unscrupulous tactics by insurance companies concerning payouts on life insurance policies. Specifically, the practice of insurance companies actively searching death records for annuity recipients in order to facilitate the stoppage of payments, while simultaneously making no effort to identify deceased policyholders whose unclaimed benefits could still be claimed by unwitting beneficiaries.