Life Insurance Protection
The dirty secret of life insurance
You couldn’t be more wrong.
You might be unpleasantly surprised to learn that life insurance companies don’t have the legal obligation to proactively notify your beneficiaries!
Insurance companies don’t have the legal obligation to proactively notify your beneficiaries if anything were to happen to you!
You might think that this is the exception and that it won’t happen to you. Did the insurance company that provided your life insurance tell you how they would identify and notify your heirs if the insurance was triggered?
You might be surprised that, for most insurance companies, the answers to the above questions are somewhat negative. And the reason is that they aim primarily to protect the asset value but not the asset ownership, or that they are not legally required to do so.
But the blunt answer is they simply don’t have any incentive to notify your heirs. It’s way better for them to have the money stay with them.
Not notifying the heirs is not the exception; judging by the size of the problem, it is the norm.
How big is the problem?
$1 billion per year in the US alone and only for life insurances. How big is the problem of protecting all types of assets from these risks? As you can see, it’s huge. As of 2020, so-called unclaimed assets approach $100B just in the US. Latest reports for the UK show £77B. Globally, we are talking about trillions of dollars. And the upward trend is alarming: a $5B increase per year in the USA alone.
New York Times
“There Are Billions in Unclaimed Assets Out There. Some Could Be Yours.”
Government agencies have tens of billions of dollars’ worth of bank accounts, insurance…
“$58 billion unclaimed: Is some of it yours?”
Unclaimed property comes from a variety of sources, including abandoned bank accounts and stock holdings, unclaimed life…
“Billions lost in forgotten accounts and pensions”
New research from Sanlam UK suggested there could be anywhere between £15bn and £77bn in lost money waiting to be…
Is this problem specific to life insurance?
Did your bank tell you how they would identify and notify your heirs if you abandoned your bank account?
Did the asset management company tell you how they would notify your heirs if anything happened to you? Did they ask you to nominate heirs at all?
The reality is that most asset management tools aim at protecting the value of the assets which they hold but not their ownership.
Traditional asset protection tools such as trusts and insurances focus on protecting the value of the asset but not the ownership.
You would certainly not be happy knowing that your asset had preserved its value but was not in the hands of your family. And as we saw, we are talking of billions of dollars just in the US. Per year!
How does DGLegacy protect your life insurance?
HOW IT WORKS
Protect your loved ones quickly and easily
Set up “alive” event
Crucial for the system's functioning, this step allows us to monitor that you are “alive”, we name it HeartBeat protocol. You have the option to adjust according to your preferences.
Catalog your assets
Catalogue the assets via DGLegacy, with minimum basic information needed, allowing your beneficiaries to identify and locate them.
Protect your assets
In case of a cyber security breach in a company which holds your assets, or media alerts for a risk related to its financial stability, DGLegacy will proactively notify you.
Invite beneficiaries and trustees
To add beneficiaries and trusties you need only their basic contact information - email and name. They will receive an invitational email.
Detection of fatal event
The Heartbeat protocol of DGLegacy, custom-engineered for your safety, confirms your well-being and detects any unexpected events. We proactively notify your beneficiaries about their designated assets in case of a tragic event.
Why DGLegacy® is the #1 place to secure your assets
DGLegacy is great for protecting my assets and my family. So far I was storing my assets’ information on a google sheet shared with my wife, but I always worried that my assets will be lost if …
Strategic Alliances Manager - dmarcian
This is a service that could make you sleep well in a time of crisis. Knowing your family is sorted out and you have every valuable under control is priceless.
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Atlanta, Georgia, United States.
Finally a peace of mind. I always wanted a tool where I could see a snapshot of my assets, track them, and decide what to share, with whom and when.
Because my assets were stored in different systems …
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Knowing that DGLegacy exists is such a relief! Up till now, I’ve put my head in the sand when it came to thinking about my assets because it was so stressful with no real solution in sight. I ca…
Founder - Alara Vural Coaching
I have been using a secure vault and password manager for years but I always worried that my family won’t be aware of most of this information if they need it. I really like that DGLegacy combines p…
Software Architect - HERE Technologies
DGLegacy enables me to easily track and organize all my passwords and assets.
The most important thing is that the digital inheritance capability of the service ensures that loved ones will be informe…
International HR Executive
CATALOGUE YOUR FIRST ASSET
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