JEFFERSON CITY, Mo.—The Missouri insurance department has a new way to help people track down the life insurance policies of deceased relatives.
The department says it's common for people to know their parents had a life insurance policy, but not to have a copy of it -- or even to know the name of the insurance company.
Under a new program, the department will collect information from people searching for a deceased relative's life insurance policy. It then will send that information electronically each month to licensed life insurance companies in Missouri. Those insurance companies can then contact the beneficiaries if a policy is located.