To help Oklahomans find insurance they may be owed, the Oklahoma Insurance Department on Wednesday started offering a new tool.
The Lost Life Policy Locator Service is designed to help Oklahomans find a life insurance policy or annuity contract left by a deceased loved one.
“Many times finding life insurance policies can be difficult and time consuming after a loved one’s death,” said Oklahoma Insurance Commissioner John Doak, in a release. “But with this new service, consumers can request help from the Oklahoma Insurance Department to simplify the process of locating lost life insurance policies.”
After the necessary information is submitted, OID will contact all state-licensed life insurance companies asking them to search their records for any life insurance policies or annuity contracts insuring the decedent. If a policy is found, that insurance company will contact the beneficiary to complete the claim.
Two legislative proposals on this topic have been introduced this session in an effort to protect consumers’ ability to collect lost policies.
To learn more about this new service, visit the Lost Life Policy Locator Service on the websitewww.ok.gov/oid/ or contact the Oklahoma Insurance Department at 1-800-522-0071.
121 E Main | Jenks, OK 74037 | 918.299.2345