I also received a letter from Sagicor . It was claiming that my husband had a life insurance policy from 1995. He has been dead since 2007 and I knew nothing about this policy. They said that the state had a do not mail label on it because they did not know where to send mail because of a change of address. I asked the person to send me a copy of the insurance title page and she said I should send the forms with a note. I said no, you send me the page first. then I said I would send a letter asking for the title page. She kept wanting to tell me that the company is Legit. I don't trust them.
I Googled them. They have an A+ rating with BBB. What is the problem in their sending you something? The question is, what do they want you to send them? If something looks suspicious, then call a lawyer.
Life insurance companies are very careful about paying out death claims. Ordinarily, the beneficiary is aware that they are named in a policy and they notify the insurance company, which will require proof of death of the insured person, which would mean sending them the official stamped death certificate you obtain from the Maryland Division of Vital Records. If the insurance company learns of an insured's death, but has no way to contact and find the named beneficiary, after a period of years they are required to turn the insurance proceeds over the the Maryland Unclaimed Property division of the Comptroller of Maryland (or if the policy was originally written in another state it may go to the other state's unclaimed property office). it is unclear what happened here, but I believe unclaimed funds payable in 1995 should have long ago been paid over to the Comptroller of Maryland. There is no time limit to file a claim to recover funds belonging to you. You can go to the web page here: http://comptroller.marylandtaxes.com/Public_Services/Unclaimed_Property/
If you are not the policy owner, which is often the deceased insured, then the insurance company may not be able to share copies of the policy with you, which may seem ridiculous, but there are privacy laws that survive the death of the policy owner. I have dealt with this situation with my nephew, whose great aunt died years before but never told his father (her nephew) that she had named him as a beneficiary. It took a number of letters and phone calls, and in the end, the company still paid the funds over to the state unclaimed property division, which ultimately paid the funds over to my nephew after following the state claim procedures. I do not know why an insurance company would be referring to the "state" having a "do not mail label", because if the state is involved, then the money should have already been turned over to the MD Comptroller. You might want to have a lawyer make some calls or write a letter to get to the bottom of this. However, before you incur that expense, you should go on to the above Unclaimed Property site and run a search query under your husband's name, and see if anything is on deposit. There's a search function online to do this.
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