BOISE, Idaho (KMVT/KSVT) - Finding a lost life insurance policy just got easier.
The National Association of Insurance Commissioners launched a life policy locator tool to help you locate lost policies and annuities of your loved ones.
According to Consumers Reports, an estimated $1 billion in benefits from life insurance policies are unclaimed.
Since it was released last month, nearly 3,000 requests were submitted nationwide. Data for South Central Idaho or Idaho alone were not available at the time.
"Generally, the information that needs to be submitted--which includes contact info from the person who is submitting it--would be information that's available from a death certificate. That may take some time to acquire, as well," said Tom Donovan, Deputy Director of the Idaho Department of Insurance.
There is no deadline to submit an inquiry and it may take up to 90 business days to pull someone's record.
There is not an office in the Magic Valley, but you can direct any questions you may have to the Boise office at 208-334-4250 or 1-800-721-3272. They are open Monday through Friday from 8 a.m. to 5 p.m.
If you would like to submit a query, go to: https://eapps.naic.org/life-policy-locator/#/welcome.