Policies such as those for life indemnity are forgotten about through a higher number of individuals than we might expect. This is because such policies are long term, sometimes 20 years or more, and holders can often move house or simply lose their documents throughout that time.

Consequently, there are many souls who never claim the money that is owed to them - and tho’ The Daily Mail recently extended the ‘conservative’ estimate that $2 billion has been lost this way, in December; Norwich Union announced that they had reunited customers with $10 million of unclaimed money in 2008 alone.

So whenever you lose your life insurance documents where do you turn?

There are a number of organisations and companies in place that might be able to assistance you in such a situation. Perhaps the first place to enquire is with the association of British Insurers (abi). Formed in 1985, the connection was established through the British insurance Association, the Life Offices Association, the Fire Offices Committee and the Accident Offices association in order to represent the indemnity industry in the UK.

Today, rather than a minority of specialists representing UK insurance, the connection has grown to include 400 separate companies responsible for 94 percent of domestic services sold. Amongst other things, the connexion prides itself on being ‘an advocate for high standards of customer service in the indemnity industry’ and so when it can’t assist you directly, will certainly be able to advise you on your next move.

Additionally, you can also enlist the assistance of a commercial service such as the Unclaimed Assets Register (uar). The UAR is a service offered through the financial analysis company, Experian, and holds a database of unmade claims through insurers (and others) ranging from Zurich to Sun Life. It costs $25 for the UAR to explore its database, a price that seems incredibly competitive whenever one acknowledges that it currently has data relating to an approximate $500 million of unclaimed money.

Finally, Assets Reunited has worked closely with Norwich Union and Barclays but is a corporate facing company and so will commonly want to be approached by and with the assistance of your insurer. Checking whether your insurer has worked with them via their website (assetsreunited) may well lead you in the right direction. But this is also believably your best bet whenever you are a business owner with assets owed to staff etc.

Uchenna Ani-Okoye is an internet marketing advisor

For further information on life insurance policies as well as product recommendations and services, I suggest you check out: Cheap Insurance Life Policy

[tags]What Do I Do If Ive Lost My Life Insurance Certificate, My Life Insurance Certificate[/tags]