Systems and methods for cross-carrier life insurance policy discovery and automated data standardization

A computer-implemented method, executed by at least one processor of a computing device, for locating life insurance policies associated with a deceased individual, the method comprising:

• receiving, via the computing device, an inquiry from a user regarding the deceased individual's life insurance status, wherein the user comprises a funeral home provider or a private citizen;
• establishing, via the computing device, a secure connection with an external life insurance database;
• formatting, via the computing device, a request to the external life insurance database using identifying information of the deceased individual provided by the user;
• transmitting, via the computing device, the request to the external life insurance database;
• receiving, via the computing device, a response from the external life insurance database, wherein the response includes information regarding existing life insurance policies associated with the deceased individual, comprising a policy provider, a policy number, a face amount, and beneficiary contact details;
• formatting, via the computing device, the response for display by applying a standardization algorithm to normalize data formats received from multiple insurance providers;
• generating, via the computing device, a report summarizing life insurance policy details based on the formatted response;
• and
• securely transmitting, via the computing device, the generated report to the user via a web-based interface.

A software product comprising at least one non-transitory computer-readable storage medium having application instructions stored thereon, the application instructions executable by at least one processor to:

• receive an inquiry from a user regarding a deceased individual's life insurance status, wherein the user comprises a funeral home provider or a private citizen;
• establish a secure connection with an external life insurance database;
• format and transmit a request to the external life insurance database using identifying information of the deceased individual provided by the user;
• receive a response from the external life insurance database, wherein the response includes information regarding existing life insurance policies associated with the deceased individual, comprising a policy provider, a policy number, a face amount, and beneficiary contact details;
• apply a standardization algorithm to normalize data formats received from multiple insurance providers contained in the response;
• generate a report summarizing life insurance policy details;
• and
• securely transmit the generated report to the user via a web-based interface.