- Associated Press - Wednesday, February 4, 2015

OKLAHOMA CITY (AP) - Oklahomans owed money from lost life insurance policies can now track them down thanks to a new service offered by the state Department of Insurance.

Starting Wednesday, the Lost Life Policy Locator Service will help Oklahomans find a life insurance policy or annuity contract left by a deceased loved one.

Oklahoma Insurance Commissioner John D. Doak says finding life insurance policies after a loved one’s death can be difficult. Now, consumers can get help from the Insurance Department and simplify the process.

After the necessary information is submitted, the agency contacts state-licensed life insurers and asks them to search their records for any life insurance policies or annuity contracts insuring the deceased loved one. If a policy is found, the insurance company will contact the beneficiary to complete the claim.

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