AccuQuote Offers Ways to Organize Life Insurance Records

AccuQuote, a leader in providing term life insurance quotes to people across the United States, offers consumers simple ways to organize their life insurance records.

Wheeling, IL (Vocus) March 29, 2010

AccuQuote, a leader in providing term life insurance quotes to people across the United States, offers consumers simple ways to organize their life insurance records. The multi-carrier life insurance brokerage firm encourages insured consumers to take advantage of these tips so that the beneficiaries can experience a hassle-free claim submission process.

Once the life insurance policy is received, paid for and put in force, all of the paperwork needs to be organized. “The last thing you want to happen after you die is for your beneficiaries to be unable to locate your life insurance records and submit a claim,” says Byron Udell, founder and CEO of AccuQuote.

According to AccuQuote, the following should be recorded for each individual life insurance policy on a consumer’s life:

•     Full name of the issuing life insurance company
•     City and state of the issuing company’s home office
•     Name and U.S. headquarters of the group, if the issuing company belongs to a group of companies
•     Policy number
•     Date the policy was issued
•     Death benefit amount
•     Current and past contact information of the agent/broker who sold the policy
•     Type of policy (i.e., term, whole, etc.)
•     Location of the original life insurance policy

“Keeping track of this information and telling your beneficiaries where it is located will help them quickly and easily make a claim on your life insurance policy at the time of your death,” says Udell.

In addition to individual life insurance, many consumers have group life insurance coverage through an employer. AccuQuote suggests these ways to manage your group life insurance benefits:

•     Name of the employer or group that sponsors the insurance
•     Office or person to contact when the time comes to file a claim
•     Certificate number (similar to the policy number under an individual policy)
•     Date the life insurance was put in force
•     Death benefit amount

“Losing a loved one is a challenging obstacle to overcome, but imagine how hard it is to grieve over a lost loved one while trying to sort out tangled financial documents,” says Udell. “Keep things organized, especially if your beneficiaries are counting on the death benefit to replace your income.”

About AccuQuote
AccuQuote helps consumers find the best values in term life insurance by combining instant online life insurance quotes with the personal service of unbiased life insurance professionals that can help answer questions, identify important issues, and make meaningful recommendations. The company offers consumers an extensive selection of life insurance options, including term life, whole life, and universal life, as well as selected annuities. The website has many handy insurance tools, including a life insurance needs calculator to help you figure out how much to buy, a glossary that explains industry terminology, a collection of articles that cover the basics about life insurance and a blog which answers many questions about life insurance. For additional information or to get quotes for cheap term life insurance, please call 1-888-314-4455.

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