BATON ROUGE, La. – The Louisiana Department of the Treasury has uncovered nearly $46 million by checking life insurance companies’ records for death benefits that should have been paid to Louisiana families but weren’t, according to State Treasurer John Kennedy.

“We just found more than $200,000 for a widow in Lake Charles and sent that money to her,” said Treasurer Kennedy. “We look at life insurance companies’ records throughout the year. In seven years, we’ve uncovered more than $46 million.”

The Louisiana Department of the Treasury works with Verus Financial LLC to compare outstanding policies to Social Security death records. The Louisiana Treasury has been conducting the audits since 2009 in order to find policies in which insurance companies were unable to locate beneficiaries or heirs.

“We put the money that we find into our Unclaimed Property program to make it easy for heirs to locate it,” said Treasurer Kennedy. “We have an online database that can be searched at any time of the day.”

Treasurer Kennedy encourages Louisiana residents to search for missing money online at www.LATreasury.comat any time or call the Treasury’s toll-free hotline at 1-888-925-4127 Monday-Friday 8 a.m. to 4:30 p.m.

Contact:
Michelle Millhollon
(225) 342-0012
mmillhollon@treasury.state.la.us