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The Company has experienced a series of sales, mergers and name changes; on July 1, 2014, while owned by the CNO Group based in Carmel, Indiana, the Company was sold to Wilton Reassurance Company. In 2015, the Companys name was changed to Wilco Life Insurance Company.
Details will vary by carrier, so the best way to find out if a life insurance policy is still valid is by contacting the insurance company about its current status and potential actions to revalidate a lapsed policy.
If you suspect that a loved one had a life policy, the National Association of Insurance Commissioners (NAIC) has created a Life Insurance Policy Locator service to help consumers locate benefits from life insurance policies or annuity contracts purchased anywhere in the United States.
The best way is to contact the policys issuer (the life insurance company). Their records are key: even if you see your name listed on an old policy document, the deceased may have changed their beneficiaries (or the allocation of benefits among those beneficiaries) after that document was printed.
Is Wilco Legit? Wilco Life Insurance Company is a legitimate entity, though detailed information about its offerings and reputation is limited. It operates under Wilton Re, which has a strong financial rating from A.M. Best. For more specific information, contacting Wilco directly is recommended.
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A life insurance policy is unclaimed when the insured person passes away and the named beneficiary does not claim the death benefit from the policy. The Insurance Information Institute (III) says there are a number of reasons why life insurance benefits are not claimed.

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