Sunday: 31.July.2005

Unclaimed money

For years, I've been receiving mail saying, You might have unclaimed money waiting. "Yeah, right" I thought, tossing each envelope into the trash.

But last week, I decided to call the number and sure 'nuf, I *do* have unclaimed money.

Seems an insurance policy I purchased long ago (when a friend needed me to sign up, so he could keep his job as an insurance salesman) had lost track of me (cuz I moved so many times since).

continued

Turns out, the company went public, and their procedure at the time for dealing with policy-holders who could not be located was to turn over any funds to the state.

It has been years since I got that policy, which has grown considerably in value. I won't be independently wealthy (like many of you), but it's a nice chunk o' change.

I had to provide copious documentation proving I am the person named in the policy. All the forms had to be notarized, certified, registered and signed in blood.

So if you get a letter saying, You might have unclaimed money available, don't immediately dismiss it like I did.

The company that helped me recover these funds asked for ~7% of the recovered amount. Seems fair enough. The lady I spoke with was very helpful, despite my skepticism. She sent me all the forms & documents I needed to claim my money.

When I took the package to the post office, to register it, the guy behind the counter saw the address and said, "Here's another one! How much are you getting?" I guess this is more common than I thought.

The state forms say, "Don't even *think* about calling us until at least 6 months have passed." You can bet, six months and one day, I'll be on the horn calling Arnold, saying, "Where's my money, Arnold?"





Posted by Rad at July 31, 2005 09:20 AM

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