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Understanding Life Insurance and Locating Lost or Unclaimed Policies
We all face the future knowing that someday we will pass away, and life insurance can provide financial support for those we leave behind. Many of us have questions about which type of insurance to buy or how much coverage to purchase. Residents of Oklahoma City, OK, with questions about life insurance can discuss all available options with our team at Freeland Insurance. We’ve been assisting clients with life insurance in your area since 2006.
Locating Lost or Unclaimed Life Insurance Policies
The Oklahoma Department of Insurance states that many life insurance policies go unclaimed. The same source reports that they have assisted Oklahoma residents in collecting more than 49 million dollars from lost or unclaimed life insurance policies. Interestingly, more than $94 million was awarded to 4,872 Oklahomans via this system between 2019 and 2023.
The Oklahoma Insurance Commissioner currently encourages clients to search for lost and unclaimed policies with the Life Insurance Policy Locator, which can be found on the Oklahoma Department of Insurance’s website. Requests can be made free of charge, and the request process is confidential. Anyone who believes they are a beneficiary of a deceased loved one’s insurance policy is encouraged to contact the Department of Insurance online or by phone.
Contact Us Today for Your Appointment
Several types of life insurance policies are available, and many factors are involved in selecting them. Every member of our team at Freeland Insurance is ready to assist you with choosing the right life insurance policy. Residents of Oklahoma City, OK can feel confident when making an appointment for an insurance discussion. Call us for an appointment today, and let’s talk about providing your family with a life insurance policy.