In an article posted by ConsumerReports.org in February of 2013, it was reported that at least $1 billion of life insurance proceeds are currently unclaimed in the United States. The average death benefit that has not been claimed is $2,000.
Insurance companies have begun making greater efforts to locate the beneficiaries of deceased policy holders. It is important for people who have policies to keep up change of addresses with the insurance companies that have their policies, and also to provide relatives with the location of polices so that claims can be made.
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Insurance companies have begun making greater efforts to locate the beneficiaries of deceased policy holders. It is important for people who have policies to keep up change of addresses with the insurance companies that have their policies, and also to provide relatives with the location of polices so that claims can be made.