life insurance

CALIFORNIANS FIND $17 MILLION IN LOST LIFE INSURANCE BENEFITS

 

Source:  Insurance Commissioner Dave Jones

Image via Pixabay

November 16, 2018 (Sacramento) - The Life Insurance Policy Locator - launched by the California Department of Insurance through the National Association of Insurance Commissioners - has matched consumers with policies totaling $17,332,464 just in the past 12 months, and $33,863,187 since the 2016 launch.

"This policy locator has made a meaningful difference in thousands of Californian's lives." said California Insurance Commissioner Dave Jones. "State insurance regulators saw a need for a national service like this a few years ago and we want to do everything to protect consumers. This tool efficiently connects consumers with lost policies and money they're owed."


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THE ATTORNEYS CORNER: LIFE INSURANCE AS AN ESTATE PLANNING TOOL

 

“Articles Concerning Trusts, Wills, Probate, Family Law & more”

By Stephen C. Ross, Esq.

July 4, 2014 (San Diego County) – Life insurance can often be used as a significant element of an estate plan. It may provide a liquid source of funds for the insured’s estate to pay estate taxes and other death-related expenses. Such insurance is often used to establish or supplement an estate to support the insured’s family should he or she die. A family business may use life insurance to create a source of funds for surviving owners to purchase the decedent’s company interest pursuant to a buy-sell or shareholder’s agreement.


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Local news in the public interest is more important now than ever, during the COVID-19 crisis. Our reporters, as essential workers, are dedicated to keeping you informed, even though we’ve had to cancel fundraising events. Please give the gift of community journalism by donating at https://www.eastcountymedia.org/donate.