Canada Unclaimed Life Insurance
Generally it is up to family members
and beneficiaries to notify the life insurance company of a policy
owner’s death. As many as one-third of all life insurance policy
benefits go unclaimed on death of the insured, because heirs often
aren’t aware a policy exists, or don’t know how to find it.
Lost heirs can be difficult to track
down, due to name changes after marriage or divorce, unreported
changes of address and expired postal forwarding orders, and
incomplete or illegible records.
In addition to unclaimed policy benefits, lost heirs
and policyholders may be entitled to an unexpected windfall.
As many mutual life insurance companies
– including Sun Life, MetLife, John Hancock / ManuLife, Prudential and
others – have converted to public ownership, millions of current and
former policyholders and heirs are entitled to receive significant
amounts of stock and cash, in addition to policy benefits.
If you have reason to believe a life insurance policy
exists but have not received payment, complete
the form below: