IDOI helps people collect $15M in unclaimed life insurance
September 18, 2019 by WAND TV
(WAND) – The Illinois Department of Insurance is working to help people reclaim life insurance benefits.
So far this year, IDOI has helped consumers find and collect more than $15 million from lost or unclaimed life insurance policies.
An estimated 1-in-4 life insurance policies go unpaid when an insured person dies, because family members are not aware a policy exists, do not know which company issued it, or cannot find the paperwork.
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