New service helps find lost life insurance policies

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HARRISBURG, Pa. (WHTM) – The Pennsylvania Insurance Department launched a new service to help people search for lost life insurance policies after a loved one’s death.

Insurance Commissioner Theresa Miller says the department receives hundreds of inquiries about life insurance policies every year.  The new service allows the department to look up whether a loved one had a life-insurance policy. It also helps beneficiaries get any money they are due.

More than 90,000 benefits have been found since the service started in September, according to Miller.

Insurance companies are not required to comply with the search. Republican State Representative Marguerite Quinn of Bucks County is sponsoring a bill to require all insurance companies to undertake searches for life insurance policies when a request is filed.

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