One Billion Dollars in Unclaimed Insurance Benefits

Consumer Reports recently published an article you might enjoy reading. It seems an unlikely scenario in this day of almost instant access to information of all types but many benefits remain unclaimed. The article states, "At least $1 billion in benefits from misplaced or forgotten life-insurance policies are waiting to be claimed by their owners. The odds that you’re one of them are 1 in 600, more favorable than your chance of winning $100 on a Powerball ticket. And although you can’t expect a million-dollar jackpot—the average unclaimed life benefit is $2,000—some payouts have been as high as $300,000."

So if you missed out on that 200 million dollar PowerBall payout maybe it would be worth your time to read the article and see if you have a windfall in your future. You can find the article here. And when you're done reading whether or not you stand to profit from a long lost insurance claim call us for your estate planning and elder law needs.


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