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Lincoln National Life Insurance - Unclaimed Policy Benefits Search |
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Lincoln National Life Insurance - Unclaimed Policy Benefits Search |
Lincoln National Life Insurance Settlement for Missing Beneficiaries and Lost Heirs |
Lincoln National 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. Lincoln National : Lincoln National companies include: Lincoln National Life Insurance Company, First Penn-Pacific Life Insurance Company; and Lincoln Life and Annuity Company of New York.Under the agreement {Lincoln National Life Insurance Claims Settlement} Lincoln National agreed to comply with verified findings of the auditors. The company further agreed to comply with unclaimed property statutes going forward. In the event a policyholder is deceased and no contact with a beneficiary has been established established, the company will remit the policy proceeds to a government custodian, where they will be held available to be reclaimed in the future.
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