IL citizens invited to check for unclaimed life insurance funds

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More than $5 Million collected this year from lost or unclaimed policies

Information provided by the Illinois Department of Insurance

CHICAGO, Ill. (October 4, 2020) – The Illinois Department of Insurance can help citizens find missing life insurance policies and collect the money they are owed from the millions of dollars in benefits that go unclaimed every year. This year, IDOI has already helped consumers find and collect more than $5 million from lost or unclaimed life insurance policies.

“Tragically, during the COVID-19 pandemic, some families have lost loved ones,” said IDOI Director Robert Muriel. “We encourage anyone trying to locate a life insurance policy to use the Department’s policy locator to search for unclaimed benefits.”

In Illinois, insurance companies must attempt to find the beneficiaries of deceased policyholders when life insurance proceeds remain unpaid.  IDOI is here to help Illinoisans simplify the search process.

In Illinois, residents can check for unclaimed life insurance policies at these sites:

For additional assistance, contact the Illinois Department of Insurance at [email protected]illinois.gov or call (866) 445-5364.