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year insurance companies turn-over a surprising number of accounts to state
unclaimed property offices.† The state
that was the last known residence of the policyowner is generally the state
that gets the money.† State laws
vary as to when the policy values must be turned over to the state.† It can be as little as a few years or as
many as 100 years.† It is, however,
very easy to contact the state and ask.†
Some states even allow you to search on-line.
The amount that would be turned over to the state is not
necessarily the full death benefit.†
The amount is based on the cash value in the contract.
Here are the links to the state unclaimed property
offices.† Usually it is a part of
the Treasurerís office.† Most are
direct links.† Remember, information
on the web is not uniform. Some states offer online searches and
information with translations in several languages, while other states
provide only an address and a phone number.