According to an article by NBC News, Unclaimed life insurance payouts total over $1 Billion! Nationwide Insurance is one of six companies implementing a system utilizing the Social Security database to proactively identify deceased insureds and pay out death benefits.  Not all insurance companies are as proactive but there are THREE EASY things you can do to make sure that you and your loved ones are paid on benefits that are rightfully yours.


1. Review Beneficiary Designations

Life happens and your situation may be different than when you (or a loved one) originally took out a life insurance policy. In some cases, one or more beneficiaries may have predeceased an insured or there may have been a divorce or other life change. In addition, beneficiaries may have moved or changed contact information. To get everything updated, each policy should be reviewed and updates should be sent to each company, as needed.
Advisors with The Braun Agency are happy to review all of your beneficiary designations with you including policies you may have purchased somewhere else and make sure that the beneficiary designations and contact information are properly recorded. We will make the process much easier than having to contact multiple companies yourself and we’ll make sure that your policies pay out per your desires. To request a beneficiary review, click here.

2. Document what you have
One of the best things you can do is document what policies you own so that your loved ones know where to go to file claims. Organize your documentation in one place and tell more than one person where your documentation is. The Braun Agency, upon request, will provide you with a free booklet titled “Make It Easy on Your Loved Ones”. The book is a very comprehensive document for contact information for every advisor, medical provider, valuable papers, investments information, bank accounts, all policy information, retirement accounts, digital accounts, and even social media accounts. It’s a great tool and we will provide it to you at no cost. Simply, click here and request your copy.


3. Search public records
Check out and to see if there is any public record of money that you are due. The Virginia Department of Treasury has an unclaimed property site that you may search also:



The Braun Agency is a leading insurance agency with Nationwide Insurance serving thousands of families and small businesses in the Hampton Roads cities of Virginia Beach, Norfolk, Chesapeake, Hampton, Newport News, Portsmouth and Suffolk and beyond. We have three local offices on the Southside and Peninsula and has a team with over 175 years of combined experience in financial services. The Braun Agency’s mission is to get you from where you are to where you want to be, by helping you build your plan, achieve your plan, and protect your plan from uncontrollable events. In the process, we are committed to delivering to you the best financial products and services in the industry in a manner that exceeds your expectations. To receive a personal review, contact us.



The Braun Agency’s mission is to help you get from where you are to where you want to be financially by planning, achieving your plan and protecting your plan from unexpected events.  In the process, our goal is to deliver insurance services in a manner that exceeds your expectations.  See what The Braun Agency can do for you today. Give us a call at 757-452-4563 to speak with one of the licensed, professional members of our team or request a contact here. The Braun Agency. We’re on YOUR side. 757-INSURANCE.