Major insurance companies are in hot water, and in some states under investigation, for allegedly trying to make it harder for beneficiaries to realize they have money coming their way. At issue is the claim that insurance companies are keeping tabs on the Social Security Administration's database of the deceased to stop payment on annuity products. But even with that data on hand they are failing to use it to reach out to beneficiaries of life insurance policies and may even start deducting unpaid premiums from the accrued value. Last month, New York Attorney General Eric T. Schneiderman subpoenaed New York Life, AXA, TIAA-CREF, Manulife, Genworth ( GNW), Guardian Life Insurance ( MFC), MassMutual Financial Group, MetLife ( MET) and Prudential ( PRU) as part of its investigation into the matter. Thirty-five other states have launched similar efforts.