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. It's estimated as many as one-in-four policies go unpaid on death of the insured.
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.
SEC estimates 3million lost shareholders are entitled to unclaimed stock and mutual funds worth $10billion, dividends are not counted.
It can be forgotten by owner after enormous times of job changes. Owner name changes can also be a main reason of MPF account negligence.