TDCI Urges Legal Representatives and Beneficiaries to Check for Unclaimed Life Insurance Benefits

The Tennessee Department of Commerce and Insurance (TDCI) is working to address the issue of unclaimed life insurance benefits, urging residents in the state to take advantage of the National Association of Insurance Commissioner’s Life Insurance Policy Locator that enables beneficiaries, executors, or legal representatives of a deceased person to track down the life insurance policies or annuity contracts of their late family members or friends. TDCI announced that the tool is responsible for recovery of more than $18.5 million in unclaimed benefits by Tennesseans this year, with over $188 million recovered nationally.

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