Unclaimed insurance money is the money owed to the beneficiaries or policyholders but hasn’t been claimed yet for more than six months after your settlement date. In other words, the money is still “out there”. Sometimes the unclaimed money may have been held in a trust, or in a bank account. If this is the case, you may be owed back the money. If you are, then this article will tell you how to retrieve the money.
There are different methods of retrieving unclaimed insurance money. One method is by contacting the insurance company that holds the policy. There are also companies that specialize in this service. It’s better to go with one of these companies as they will be more efficient and will have a good track record.
You need to start looking into the possibility of retrieving the unclaimed insurance money as soon as possible. This is because it’s important that you get your hands on this money before it runs out. One way to do this is by contacting all the rightful owners of the policy. If one of your beneficiaries dies, you need to notify the life insurance companies and let them know that you have become aware of the death. They will start looking for the rightful owners and will notify them if they still have the policy.
Another way to go about it is by using the resources of the National Instant Background Check (NIMS) website. NIMS provides information on all kinds of public records such as deaths, marriages, divorces, adoptions, birth and bankruptcy. All the details that you need to know about the unclaimed insurance money can be found on this website. However, you need to sign up for the service in order to access the relevant information. The benefits that you can get from using this service are very high. If you have a family member who has been missing since some time, you can use the services provided by NIMS to help you look for them.
Most of the states offer websites where you can easily find the contact details of the state insurance companies. For instance, if you live in Illinois, you can use the Illinois Life Insurance Search Engine to find the contact details of the life insurance companies that are licensed in your state. The Illinois insurance companies are required to submit the details of the unclaimed insurance money to the state insurance department in this state. This is a comprehensive search directory that helps people in Illinois find the contact details of the state insurance companies.
You can also use the facility of NIMS to look for the beneficiaries if you think that you are the victim of theft. You just need to provide your full name and the social security number of your beneficiary. This will help you check whether the beneficiary received an award or not.
People in need of filing a claim for unclaimed insurance money in other states should use the online forms available on the websites of the state insurance companies. However, they should start looking for the beneficiaries in their state if they do not have any information about them. In this case, they can give their full name and social security number of the beneficiary. Also, they should provide their claim number as well. Once this information has been submitted online, the state office of the insurance company will start looking for the beneficiary.
You may also contact the concerned authorities in case you find some valuable items are still unclaimed insurance money. You can either go to the local offices or you can file a request to transfer funds. If you want to go unclaimed property, you can ask your friends and relatives to help you out. If you prefer to search for it on your own, then you can go online and get the details. It is very important to report all the cases of unclaimed property as soon as possible so that you do not lose any more of the unclaimed life insurance benefits.