connect
We will response by next working day
INSURANCE
Prudential Insurance could not find 1.2 million policyholders entitled to receive compensation
Term life insurance covers a designated number of years, while whole life policies span a lifetime. It's important to note polices can be in force even if the payment of premiums has stopped, or if money has been borrowed against the policy.
Whole life insurance is no time limit on claiming a payout when the insured dies with a policy in force. If a claim is not made until some years after death, accrued interest is added.
STOCK CERTS
Stocks: SEC estimates 3million lost shareholders are entitled to unclaimed stock and mutual funds worth $10billion, dividends are not counted.
Mergers, restructures, share spinoffs, and again name changes increase chance of unclaimed stocks.
Those whose shares are held in street name – stock hold under the name of stock brokers instead of owner himself, dividends and interest payments are sent to a bank or broker instead of your pocket.
BONDS
Bonds: SEC estimates $500 million bond interests are not cashed each year. Borrower, brokerage name changes, lost of certificate, even borrowers filed bankruptcy, do NOT assume its worthless. Certificate can be replaced; bankrupted company may be recovered after many years.
INSURANCE
“Insurance: Prudential could not find 1.2 million policyholders entitled to receive compensation, family members and heirs may not be aware a policy exists, or don't know which company issued it, no action is taken.
STOCK CERTS
Stocks: SEC estimates 3million lost shareholders are entitled to unclaimed stock and mutual funds worth $10billion, dividends are not counted.
BONDS
Bonds: SEC estimates $500 million bond interests are not cashed each year. Borrower, brokerage name changes, lost of certificate, even borrowers filed bankruptcy, do NOT assume its worthless. Certificate can be replaced; bankrupted company may be recovered after many years.
connect
We will response by next working day
Few days effort turns to be few millions net worth
SAFE DEPOSIT BOX
Safe deposit box: Where the box was held but the branch no longer exists, don't assume the contents are lost forever, they may have been transferred to a successor institution.
SAVINGS
Savings: Changes of name after marriage, changes of address, expired postal forwarding.
Few days effort turns to be few million net worth
DEPOSIT BOX
SAVINGS ACCOUNT