As 2011 wound down, multiple states began investigating the status of unclaimed life insurance policies that were never paid out to beneficiaries -- and it's about time. According to the National Association of Unclaimed Property Administrators, state treasurers currently hold $32.9 billion in unclaimed bank accounts and other assets. One way to protect your family from struggling to claim their inheritance? Keep all your crucial documents in one easy-to-locate place. In addition to your will, the list of crucial papers should include documentation of housing and land ownership, cemetary plots, vehicles, stock certificates and savings bonds, any partnership or corporate operating agreements, and a list of brokerage and escrow mortgage accounts.
The 25 Documents You Need Before You Die (Wall Street Journal)
Comments
Special Features
2013 Outlook As we move into a transition year, check out LifeHealthPro's conjectures for the life, annuities, health and disability markets.
The Complete ELNY Saga For more than two decades, the Executive Life Insurance Company of New York (ELNY) has been bled for billions of dollars while languishing in a state-imposed purgatory.
Life Insurance A-Z This alphabetical-themed infographic will help your clients feel more comfortable discussing life insurance protection concepts.
100 Best Sales & Marketing Ideas Whether you want ideas for referrals, generating leads or just listening to your clients better, we have the sales and marketing tips you need.
2012 Advisor of the Year Through a very thorough nomination process we look to find a top producer who is a true cornerstone of a community.
Senior Survey 2011 In this special section, find out how seniors build their nest egg, make an estate plan, finance their health care and where they live.
