Life insurance is a fundamental financial instrument that gives policymakers and their beneficiaries security and peace of mind. Yet, millions of dollars worth of life insurance benefits go unclaimed every year for a number of reasons, including unawareness or bad communication. These are life insurance benefits that the insurer has not paid out to the beneficiaries after the death of the policyholder. This article provides a step-by-step guide on how to claim these unclaimed or abandoned funds.

Reasons Behind Unclaimed Life Insurance Funds

There is more than one reason that keeps life insurance benefits unclaimed.