Some estimates claim that as many as 20% of life insurance policies are never cashed in for payment
There's FREE help Available if you have an old insurance policy, and can't find the company.
Earl H. Roberts, whose wife Marleen owns American Insurance Depot, has spent years piecing together a long list of current insurance company address and phone numbers. When asked what possible value such a list could have Mr. Roberts explained:
It is a shame, but many insurance companies simply do not let their clients know when major changes in their addresses or phone numbers are made. As a result some estimates claim that as many as 20% of life insurance policies are never cashed in. Perhaps the issuing company was lost because --
| | - the company has been bought out
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| | - or it has merged with another company
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| | - or the company moved off down the street or across the state line
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| | - or hasn't kept track of the policy holder for some other reason.
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| | - Or, gulp, maybe the policy holder moved away and didn't tell the company!
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The fact is," Mr. Roberts continued. "If you haven't had contact with your insurance company in the last ten years it may have passed through three hands since then. IF your policies were passed on to a new company at each stage then there is every chance the value has increased. Of course, there is also the possibility that your policy did not get passed on and it no longer exists."
Every day of the week Earl gets letters from people who don't know where their life insurance company is now. "One of the families I worked with early on last had contact with their grandfather's insurance company in 1894."
Is it true that some of these "lost" companies are STILL taking money from clients after three or more name changes -- none of which were ever reported to their customers?
"Oh yes. For instance, a few months ago I received this letter: 'To this day (35 years later) P* L* insurance company is still taking premiums from his Army retirement check, however he has lost the policies and does not know how to contact the company. Please help --'"
One company at a time, for thousands of different individuals, Earl has tracked down the migration of insurance company names and entities. The ones he found that have their own web site he has linked to in alpha-numeric order BY CATEGORY so you can find them easily, and for FREE.
Free? Earl nods. "Yes. I have the site set up so all you have to do is click on the kind of insurance company you are searching for and the whole list appears as if by magic."
What if the company you seek is not listed on any of those pages Earl has set up?
"Well," Earl grins. "Actually, that simply means the company does NOT have a web site yet."
What about ALL those other company names and addresses? Earl keeps a list of all the other companies he has found on his computer at home -- and the company you are looking for may well be on it.
"There is a partial list of these second-line company names on my web site at:
http://www.AmericanInsuranceDepot.Com/lost.htm"
If the insurance company name you are looking for is anywhere on that list then Earl has definitely already tracked it down to the latest known destination. So, what is he doing with this list?
"I give it away, one piece at a time," says Earl.
That's only in certain situations, of course. For example, if one of your parents or one of your children has died recently and you have an insurance policy but can't find the latest address of the company, Earl will look it up for you free of charge. If you don't have internet access you can mail your request to him (Earl H. Roberts) at 1303 Hamilton in Mena, AR. 71953. He does ask you to PLEASE include an envelope which has been addressed to yourself, along with two first-class stamps PAPERCLIPPED TO YOUR LETTER for his response.
What's another situation? "If you work in a lawyer's office and have found a policy in probate but can't find the latest address of the company, I will look it up for you free of charge -- under certain binding conditions which are clearly stated before hand."
There's one more situation. "If you work in a mortuary or funeral home and have a family that is hard pressed to provide adequate services for the deceased, and they have found an insurance policy, but can't find the latest address of the company, I will look it up for you free of charge -- under certain conditions which are clearly stated before hand."
What kind of conditions might these be? They are pretty specific, and geared to keeping Earl's hard-earned list in his own hands.
"This service will be used ONLY for settling actual probate cases you are working on, thus making it less likely that any information I do share with you will become public knowledge.
"In the event my information is inaccurate you will promptly let me know.
"You will pass on the information to your clients with a written note that the information was provided to you free of charge from AmericanInsuranceDepot.Com
"You will not keep or reuse any information I provide but ask anew for each case."
Does Earl make ANY money from all his hard work?
"Oh, sure!" Earl quickly responds. "For any individuals who want to find companies for their own purposes and/or needs they will be asked to pay $5 for the service -- or if that price is a burden to their financial means, they are invited to track the company down by using the FREE resources I provide on
http://www.AmericanInsuranceDepot.Com/res.htm"
These are the very same tools Earl used to find these companies. EVERYONE is invited to use the resources for free.
One question Earl gets asked a lot is if he can use their name and social security number to find out if ANY insurance company holds a policy on them. Unfortunately, the answer is NO at this time. There are simply too many companies and too many ways for them to avoid the questions for a little one-man-show like Earl to launch into a program of that depth.
However, Earl does not leave you stranded even then. "I do provide links to certain services which can go a long ways towards providing that information. This is found on
http://www.AmericanInsuranceDepot.Com/help.htm
In checking out that last link I discovered it is a long article of helpful information on WHAT TO DO IF YOU DON'T FIND AN INSURANCE POLICY and suspect there was one.
Earl can be reached for more information, or for phone interviews at 479 243 0153 or you can reach him by email at VisitUs@AmericanInsuranceDepot.Com
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