Life Insurance companies hold the largest amount of unclaimed assets other than the government. There are tens of billions of dollars in unclaimed benefits for policy holders and their heirs. Amazingly, almost 30% of all life insurance benefits go unpaid or unclaimed upon the death of the policyholder. Why? In many cases, it is simply a case of a name or address change. The insurance company has lost contact with the insured and has no way to contact potential survivors. In other cases, an insured may have a cancelled or expired policy that appears to have no value. However, more often than not, these policies can have a residual value that goes unclaimed.  Another common reason for unclaimed life insurance policies is the existence of multiple policies. Life insurance policies are often issued automatically either through unions, employer benefit plans—even credit cards. Family members are not aware that a deceased relative might have had more than one policy. In these cases, no claim is filed and the insurance company is unaware that a valid claim exists.

Many states do not consider life insurance policies abandoned until the insured policyholder would have reached the age of 100 years. As a result, this type of unclaimed assets may not show up in a government database for decades. It is the responsibility of the beneficiary to contact the life insurance company and there is no central database to search the thousands of insurers that exist. However, Fortune Finders has the ability to search the countless records of insurance companies to search for these lost fortunes.