TDCI Lost Policy Service Helps Recover Insurance & Annuity Benefits

Wednesday, November 16, 2016 | 04:55pm

NASHVILLE – The Tennessee Department of Commerce and Insurance’s (TDCI) new lost policyholder service is already paying dividends across the state since the Department announced the service in March 2016.

“In just a few short months, the Department has already connected 10 Tennesseans to $128,685 in life insurance benefits,” said TDCI Commissioner Julie Mix McPeak. “We are pleased to have helped those Tennesseans after a time of great loss and we encourage others to take advantage of this free service offered through TDCI.”

TDCI’s Lost Policy Service enables beneficiaries to track down the life insurance policies or annuity contracts of deceased family members. To use the service, Tennesseans submit a simple request form either electronically or by mail to the Department. The Department then sends the request to all licensed Tennessee life insurance carriers who search their records for any matches. 

“The Department designed this program to be as simple as possible for our customers,” said TDCI Assistant Commissioner Michael Humphreys. “We recognize that one of the last things you want to be doing following the death of a loved one is try to track down an insurance policy that may have been purchased 20 years ago from a company that has since merged. We hope to help take one stress off the minds of these Tennesseans.”

For more information on the Lost Policy Service and other consumer insurance resources, visit the TDCI website or contact the TDCI Consumer Insurance Service Division at 1-800-342-4029 or (615) 741-2218.