To ensure that your life insurance benefits do not go unclaimed it is important to understand why this might happen. Here is a review of five of the most common reasons.
Sometimes life insurance benefits are left unclaimed after a policyholder dies. This is an unfortunate problem under any circumstances, but especially now, when many people are struggling financially. What is more, this is an easily preventable outcome.
1. The life insurance company and the policy owner have lost track of each other
The main mode of contact between you and financial institutions (banks, credit card companies, insurance companies, investment…