NAIC Life Insurance Policy Locator: Key Resource for Hawai'i Residents

Amid Life Insurance Awareness Month, the Hawai'i Insurance Division is spotlighting the National Association of Insurance Commissioners (NAIC) Life Insurance Policy Locator, a vital tool helping residents find life insurance policies or annuity contracts of deceased individuals without cost.

The Life Insurance Policy Locator has proven itself as an essential resource, especially in times of loss when families face financial uncertainties. Insurance Commissioner Scott K. Saiki highlighted its significance, noting that families shouldn't have to endure the stress of discovering financial protections left by their loved ones. This tool provides a secure way to identify existing coverage, ensuring beneficiaries receive their due benefits. Notably, the Policy Locator has helped residents of Hawai'i recover $11.2 million in benefits over the past year from more than 400 policies.

How the Policy Locator Works

To utilize the Life Insurance Policy Locator, requesters must supply details from the deceased's death certificate, such as the legal name, birthdate, date of death, and Social Security number. The requester's relationship to the deceased is also required. If a policy is discovered, the insurance company will directly contact the requester to provide further information.

However, it should be noted that not all insurers participate in this service. Thus, a "no match" result does not automatically mean there is no existing policy. The tool is accessible from the NAIC's official website, and those seeking additional information can reach out to the Hawai'i Insurance Division. The division also offers various consumer resources online to further support residents in navigating life insurance matters.

Insurance Support and Resources

• The tool is free to use and available online.
• Recovery of $11.2 million in benefits from over 400 policies in Hawai'i was achieved last year.
• Information needed: legal name, birthdate, date of death, Social Security number, and relationship to the deceased.
• Not all insurers participate; a "no match" could still mean a policy exists.
• Additional inquiries can be directed to the Hawai'i Insurance Division.