 |
Aviva Life Insurance - Unclaimed Policy Benefits Search |
|
|
Aviva Life Insurance - Unclaimed Policy Benefits Search |
Aviva Life Insurance Settlement for Missing Beneficiaries and Lost Heirs |
Aviva Life Insurance ClaimsEstimates are $2.4 billion dollars in death benefits owed beneficiaries and heirs of deceased life insurance policyholders goes unclaimed each year.Heirs of deceased policyholders and annuity owners may be entitled to receive compensation arising from a 2012 legal settlement between states and a number of underwriters. Unclaimed property audits undertaken by a number of statesrevealed many major life insurance companies failed to pay death benefits to beneficiaries, despite having confirmation policyholders were deceased. Additionally, some companies continued charging premiums, deducting payments from the policies' cash reserves until depleted, at which time the policy would be cancelled.Insurance Companies participating in the Global Life Insurance Settlement include: AIG, Allianz, Aviva, Forethought, Genworth, Hartford, ING, John Hancock, Lincoln National, MetLife, Midland National, Nationwide, New York Life, Northwest Mutual, Pacific Life, Prudential, Symetra, TIAA-CREF, Transamerica and Western & Southern. Aviva : Aviva companies include: Aviva Life and Annuity Company and Aviva Life and Annuity Company of New York.Under the agreement {Aviva Life Insurance Claims Settlement} while Avia denied that any policyholder proceeds were past due, owing or improperly withheld. The company agreed, however, to stricter reporting parameters under state escheat statutes for benefit payments that are dormant and unclaimed. Regarding Missing Data Life Insurance Policies - those for which there is no policyholder Social Security number or date of birth in the records, benefits are valued as if the insured had died on the effective date of the policy, and must be reported. If Aviva determines that a policyholder has died and beneficiaries have failed to claim benefits due, It will then remit the policy proceeds to a government custodian, where they are held available to be reclaimed in the future.
|
|||
|
|
|
