Life insurance is an important tool to protect the economic security of loved ones, but State Treasurer Rob McCord today reminded Pennsylvanians to take steps to ensure that these benefits serve their intended purpose and do not end up as unclaimed property reported to the Pennsylvania Treasury. The Treasurer noted that his department has reunited $13.2 million in unclaimed life insurance benefits with the rightful owners, but much more remains available for claim in Treasury’s free online database at http://www.patreasury.gov.
Each year, Treasury receives millions of dollars in unclaimed property – things such as abandoned bank accounts, forgotten stocks, uncashed checks, and contents of safe deposit boxes.
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