Monday, January 4, 2010

See WeRemember dot org to Track Missing Life Insurance Policies

by L.A.S.

Unclaimed insurance policies may total billions of dollars each year just because family members do not know where your life insurance policies are, or what recent changes to your estate have been made.

This is where a company named WeRemember comes in. They can save family members years of struggle and prevent them from getting over the grief of their loss. They may spend years filing lawsuits against each other or a financial advisor.

Joe Palmer, president and co-founder of WeRemember.org, based in Glenview, Ill., became aware of problems that can arise after his grandfather died in an airplane crash. The family did not know where the final will was, and missing paperwork resulted in family members filing lawsuits against each other.

For a one-time fee of $29.95, an individual can sign up on the WeRemember.org Web site. The person fills out a form listing his or her insurance policies, wills, bank accounts and other pertinent data and where each is or who the lawyer is who holds the information. The forms take about 20 minutes to complete, depending on how many policies and accounts there are.

WeRemember.org sends out regular e-mails reminding clients to update their information. When a client dies, WeRemember.org makes phone calls to heirs to let them know they are entitled to a benefit and tells them how to proceed. No truly personal information, policy numbers or benefit amounts are kept by WeRemember.org.

Sounds like a good service to me.

1 comment:

John said...

That's a good thing they remind the heirs. I'd like to try their service in the future.
Zoren@Sell Life Insurance