Unclaimed Life Insurance Policies: Between one-quarter and one-half of all life insurance policies go unclaimed - worth $2.4 billion annually - because it's up to family members to notify the insurance company when a policyholder dies, and little effort is made to find lost heirs and beneficia...
Each year, the Treasury Department (Department) receives millions of dollars in unclaimed property from abandoned bank accounts, forgotten stocks, checks that have not been cashed, certificates of deposit, safe deposit box contents, life insurance policies and other sources. Treasury maintains custody o...