More than $46M Found for Louisiana Insurance Beneficiaries

The Louisiana Department of the Treasury announced it 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.

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.

Source: Louisiana Department of the Treasury