On March 15, 2019, Sears Life Insurance abruptly terminated the life insurance coverage of around 29,000 retired Sears Holdings Corporation workers. They were given the option of converting their life insurance to whole life insurance, but they would have to pay for it on their own.

Who bought Sears insurance?

Eddie Lampert
It was narrowly saved from that fate when Eddie Lampert bought the company out of bankruptcy in February. The $3 million compensation fund will go to beneficiaries of retirees who died after March 15, which is when the company canceled life insurance benefits.

How do I trace an old life insurance policy?

Here are some strategies to help simplify your search.

1. Look for insurance related documents.
2. Contact financial advisors.
3. Review life insurance applications.
4. Contact previous employers.
5. Check bank statements.
6. Check the mail.
7. Review income tax returns.
8. Contact state insurance departments.

How to contact the Sears life insurance company?

To contact Sears Life Insurance Company you can email them or use the following information: From individual policyholders, to small business owners, to even larger business owners Sears Life Insurance Company has excellent customer reviews. You can access this reviews here.

When does life insurance end for Sears Holdings?

Your Sears Holdings Company life insurance coverage ends of the date of your termination of employment from the Company. You may elect to convert your Company Paid Life Insurance coverage to an individual policy. You may elect to port up to 50% of your own Optional Life Insurance (and AD&D, if applicable), or $1 million, whichever is less.

What kind of insurance does Sears insurance offer?

Sears Life Insurance Company focuses on what is needed most in the insurance field today. With individual insurance plans, group insurance policies, and strategic alliances they have a plethora of offerings to customers past, present and future. For individual insurance, they offer several plans and policies including:

Where is Sears life insurance in Fort Worth TX?

With headquarters in Fort Worth, TX, most of Sears Life Insurance clients come to them through referral. To view and compare different health insurance quotes you can type in your zip code. Offering both individual and group insurance Sears Life Insurance has many programs and benefits.