Illinois Department Of Insurance Returns Over $9 Million To Consumers

CHICAGO - The Illinois Department of Insurance (IDOI) announces the return of $9.3 million to consumers this year through its Life Policy Locator service for lost or unclaimed life insurance policies and annuities.

“When families lose a loved one, they may not be aware of the life insurance benefits and annuities their deceased family member purchased for financial security,” said IDOI Director Ann Gillespie. “We want to help Illinoisans collect the funds they’re entitled to receive, and our Life Policy Locator is available at no charge.”

Under Illinois law, insurance companies must attempt to find the beneficiaries of deceased policyholders when life insurance or annuity proceeds remain unpaid.

The National Association of Insurance Commissioners (NAIC) reports that millions of dollars in life insurance benefits remain unclaimed each year.

Search for unclaimed life insurance policies and annuities at these sites:

• IDOI: Life Policy Locator
• Illinois State Treasurer: https://icash.illinoistreasurer.gov/
• National Association of Insurance Commissioners (NAIC) Life Insurance Policy Locator: Life Insurance Policy Locator (naic.org)

If you need additional assistance, contact the Illinois Department of Insurance at DOI.LifePolicyLocator@illinois.gov or call (866) 445-5364.

IDOI’s consumer insurance resources:

Life Insurance and Annuities 101 (English)

Life insurance and Annuities 101 (Spanish)

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