Click to CallIf you’ve ever gotten a life insurance payout from a loved one who passed away, the knowledge that they thought of you can sometimes be more precious than the monetary endowment. If you’re near the Oklahoma City, OK, area, we encourage you to bring your life insurance questions to our Vance Insurance Group LLC team. We are an independent insurance agency that will give you our complete attention so that we can find the right policy for your insurance needs.
Unclaimed Life Insurance Benefits
According to the National Association of Insurance Commissioners, millions of life insurance benefit dollars go unclaimed annually. A September 2023 effort by the commissioners of the Oklahoma Insurance Department enabled Oklahomans to claim over $48 million in lost or unclaimed life insurance benefits. Oklahoma Insurance Commissioner Glen Mulready announced his department has been instrumental in utilizing that tool to match over $94 million to more than 4800 Oklahomans since taking office in 2019.
According to NerdWallet, life insurance benefits often go unclaimed because of a lack of communication between policyholders and their beneficiaries. At times, policyholders forget about the policies they purchased or the address information for their beneficiary changes. The same website recommends that anyone buying life insurance make every possible effort to remain in communication with their beneficiaries. Nevertheless, anyone who believes they may be due unclaimed life insurance funds can contact the Oklahoma Department of Insurance for assistance.
Call Us for an Appointment Today
Life insurance is a way to provide a financial legacy for someone you love. If you’re in the Oklahoma City, OK, area, we invite you to bring your insurance questions to Vance Insurance Group LLC. Call us for an appointment, and let us help you find your path to a lasting legacy.
