Life Insurance Policy Locator finds $8.3M for Colorado beneficiaries

    Lost life insurance policies and annuities are surprisingly common. The Colorado Division of Insurance, part of the Department of Regulatory Agencies, is reminding people about the Life Insurance Policy Locator. For people who think their loved one had a life insurance policy or annuity, but who do not have the details, this tool allows them to not only search for the information, but to make sure beneficiaries receive the payments from those policies.  
    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 returned to those beneficiaries. Nationwide, the locator has matched 28,791 people with $446,054,729.
    Many people who have lost a loved one have a vague recollection of a life insurance policy, or they find an old scrap of paper with faded writing from parents or grandparents. 

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