When a loved one passes away, it can be difficult to find their life insurance policies. While some people put all their important documents in one place, others do not.
But the State of Colorado has help. The life insurance policy locator can help beneficiaries find old life insurance policies.
“People don’t talk much about their life insurance, so lost policies are fairly common," said Insurance Commissioner Michael Conway. "I encourage anyone in this situation to use the locator to find the details and get it figured out."
The life insurance policy locator is free to use, but it can take up to 90 days to get a response.
Since it launched in November 2016, the life insurance policy locator has matched 515 Coloradans with lost or misplaced life insurance policies or annuities, leading to $8,339,656 being returned to those beneficiaries.