Missing Life Insurance Policy Search

Unclaimed Life Insurance Policy Benefits Search - Demutualization Claims

Nationwide - Provident Mutual Life - Allied Mutual

Life Insurance Setlement

Demutualization is the process of converting a mutual life insurance company, which is owned by its policyholders, into a publicly traded stock company owned by shareholders, pursuant to a plan of conversion approved by policyholders and government regulators.

Mutual life policyholders (and heirs) continue to be entitled to receive whatever policy benefits may be due, but in addition receive stock, cash and/or policy credits in exchange for their ownership interest in the old mutual insurance company.

The amount paid to each policyholder is based on a number of factors, including length of time the policy has been in force, face value of the policy, and total premiums paid. For many policyholders, the windfall arising from demutualization can be substantial. Shares may be sold at any time, without affecting policy benefits.

In 1998, Nationwide Mutual Insurance Company merged with Allied Mutual. On October 1, 2002, Provident Mutual Life Insurance Company demutualized and concurrently merged with Nationwide Financial Services, Inc. to become Nationwide-Provident, in a transaction worth $1.56 billion.

Eligible policyholders became entitled to receive compensation consisting of a fixed component of 26 Nationwide Financial Services common shares, as well as a variable component based on policy value. 

Hundreds of thousands of missing policyholders aren't aware they are entitled to receive demutualization compensation. Contact efforts were unsuccessful, due to name changes after marriage or divorce, unreported changes of address, expired postal forwarding orders and non-current beneficiary information.

And a recent government audit found 21 major life insurance companies failed to pay death benefits to beneficiaries even in cases where they knew the policy holder was deceased. {Life Insurance Settlement Claims}

By law, unclaimed demutualization compensation is remitted to the custody of a government trust account until claimants come forward.

Current and former policyholders and their heirs - the majority of whom are unaware they're entitled to unclaimed stock and/or cash - should initiate a database search.

Click on the search icon or select a company from the list below 

Find missing life insurance policy


American Mutual Life / Amerus Manufacturers Life / Manulife Principal Mutual Life
Anthem Insurance Metropolitan Life / MetLife Provident Mutual Life
Central Life Assurance Mutual of New York / MONY Prudential Life
Equitable / Axa Mutual Service Life Standard Insurance
General American Life Nationwide / Allied Mutual State Mutual / Allmerica
Indianapolis Life Northwestern / ReliaStar Sun Life / Clarica
John Hancock Mutual Life Phoenix Home Life Unum Mutual / Unum



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