In Brief The life insurance industry is skewed toward buying wider spread securities, which indicates a preference for capital efficiency and high book yields. Most insurers do not vary their behavior over time. Insurers that buy wider (or narrower) spread corporate bonds tend to do so year after year. The dispersion of excess yield across insurers may be larger than most realize. There is a 44bps difference in the 5-year average excess yield between insurers at the 10th and 90th percentiles. A 44bps difference can have a meaningful impact on earnings given the life insurance industry’s high leverage. An Analysis of Recent Purchases Reaching for yield, which we define as buying bonds with...
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Unclaimed Life Insurance Policies You may have money waiting if a loved one named you on a life insurance policy and then neglected to tell you about it. Unclaimed life insurance policies aren’t as unusual as you would think either. According to a study by Consumer Reports, 1 out of every 600 people is the beneficiary of an unclaimed life insurance policy with an average benefit of $2,000. It could be like finding out you have a secret savings account. Life insurers, which paid out $784 billion in benefits in 2018, make efforts to find the rightful owners of unclaimed insurance policies, says Whit Cornman, a spokesman for the American Council of Life Insurers. “Insurance companies...
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Are you unsure if a recently deceased had a life insurance policy? Are you acting as an executor for an estate or lawyer for the estate and looking to ensure that you’ve eliminated the possibility of the existence of a life insurance policy? A comprehensive search can take days or perhaps weeks to complete, but uncovering a life insurance policy could potentially be worth tens or hundreds of thousands of Inc. has a unique service designed to fulfill these needs. Using our connections at life insurance companies, we will investigate on your behalf policies from over 115 life insurance companies. This search includes policies from companies that have now merged, been taken over, changed...
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For Immediate Release: Indiana Department of Insurance, NAIC Launch Nationwide Life Insurance Policy Locator Tool Indiana Department of Insurance sent this bulletin at 11/23/2016 09:53 AM EST FOR IMMEDIATE RELEASE Indiana Department of Insurance, NAIC Launch Nationwide Life Insurance Policy Locator Tool Locator tool will to help consumers find lost life insurance policies, annuities Indianapolis – The Indiana Department of Insurance and the National Association of Insurance Commissioners (NAIC) is announcing a national service that provides consumers with search capabilities to help find a deceased person’s lost life insurance policies and annuities. The NAIC’s Life Insurance Policy...
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Free life insurance locator service Losing a life insurance policy is a common thing. After you’ve checked the closet, the dresser, the shoebox and the safe… where in the world could it be? The Life Insurance Policy Locator Service now allows you to run a nationwide search for any insurance policies or annuities that may be out there in the name of the deceased. You have to be the designated beneficiary or legal representative of the deceased to use this service. As a general rule, you’ll need the deceased’s full name (including maiden name for a married individual) and Social Security number just to do a search through these sites. Then to actually claim a policy...
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D ental nurse Jodie Hinchliffe was eight-and-a-half months pregnant with her first child when her father, Paul, died in 2012. Two weeks later, baby Georgie came along. Amid the nappies and the sleepless nights – and handling her father’s estate – the last thing she had was the strength to fight a giant insurance company. Jodie was only vaguely aware that three years earlier Paul had visited an independent financial adviser, who had recommended that he take out a life insurance policy with Royal London that would pay her £350,000 on his death. After he died unexpectedly at the age of 49, Royal London promised Jodie that it would make a payment within eight weeks. But she had to wait six...
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Bank & brokerage accounts: Request your money En español | Once your account starts gathering dust — meaning, typically, it has sat untouched for three to five years — banks usually transfer the money to the state of your last known address. Visit unclaimed.org and follow links to the website of each state where you've lived. If you find a listing in your name, you can request your cash, either via an online form or by mailing in a paper can also recover money in a deceased relative's account if you have proper documentation, such as a death certificate and proof that you're the executor of the estate. Life insurance: Run a search Have you owned a life insurance policy, or do you think...
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If you can't find the life insurance policy of a deceased relative, you've probably checked the obvious places — desk drawers, file cabinets. Article 5 of 7 in What to Know About Life Insurance Beneficiaries. Tracking down any lost life insurance policy is an important and necessary step when settling. Where to find resources to help you find and claim money from life insurance If you are searching for life insurance policies, we recommend visiting ASIC. Find out how to claim you unclaimed money from life insurance policies. unclaimed money online search and the money is from a life insurance policy, to operate in Australia, go to the Australian Prudential Regulatory. Search for money that...
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Losing a loved one is quite distressing for those who’re left behind. With a loss as great as this, everything else shrinks into the shadows, only to be discovered years’ later. Most of those who live to a graceful old age are bound to have invested in life insurance policies – to give their dependants a safety net after them. Amidst all chaos and suffering, this is the last thing that catches your attention. But when it does, this doesn’t make things any easier. Hunting for life insurance policies and filing claims can be very tiring – especially if you don’t have any clue where to start. This is why was created. We help you locate insurance policies by supplying you with the company name...
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Is a life insurance policy public record? For the most part, life insurance policies are not a part of any public records. Life insurance proceeds are paid directly to a named beneficiary and therefore do not pass through a probate estate. The process of probate is the legal action that is taken by the estate court to prepare and distribute assets of the death of an individual. The logic behind keeping any life information out of the public eye a very well-thought-out because if the information were to be made available to the public, the result would be chaotic. Every fortune-seeker would be following life insurance beneficiaries and policyholders and pestering them forever about special...
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