Experts: Using SSA's "Death Master File" is difficult for insurers

01/10/2012 | Insure.com

Insurance-related use of the Social Security Administration's "Death Master File" database presents challenges, says Whit Cornman of the American Council of Life Insurers. "Social Security numbers generally weren't collected [by insurers] decades ago, making matches much less reliable. In contrast, insurers tend to have up-to-date records of Social Security numbers for annuity buyers for tax reasons," Cornman says.

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