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Audio File and Transcript
June 25, 2007
Click here to download the MP3 file.
This is Dr. Steven Weisbart, vice president and economist at the Insurance Information Institute.
What follows is are 30-second and 60-second radio actualities to accompany the news release on tips for finding a lost or unclaimed life insurance policy.
“When people ask how to confirm the existence of a loved one’s life insurance policy or track down a lost policy, the Insurance Information Institute, offers six tips:
- search bank safe deposit boxes,
- consult current and prior financial advisors,
- contact previous employers
- review applications for known life insurance policies
- use the NAIC’s Company Location System at http://www.naic.org
- and consider a private search firm.”
“When people ask how to confirm the existence of a loved one’s life insurance policy or track down a lost policy, the Insurance Information Institute, offers six tips:
- search bank safe deposit boxes,
- consult current and prior financial advisors,
- contact previous employers
- review applications for known life insurance policies
- use the NAIC’s Company Location System at http://www.naic.org
- and consider a private search firm.
But the best approach is prevention. Grown children should talk with their parents now about where the parents’ life insurance policies are. Better still, you can collect and organize all insurance policies and other information survivors will need in a free software program, downloadable from the I.I.I. website ( http://www.iii.org )."
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