Claim Missing Money With Found Money®

Insurance companies race to return millions in unpaid policies and benefits.

Every year insurance companies report record amounts of unpaid policies and benefits. Unclaimed policies are result of unpaid money to beneficiaries of those policies. This is one example, involving a couple where a husband bought insurance for himself without anyone else knowing, not even his wife. The husband thought he was taking care of his family by purchasing a 300,000 life insurance policy. When he passed away, his wife sold the house to pay off expenses, never knowing of the insurance policy. Years pass, as she moves on, she hears about Found Money on the Oprah Winfrey show. Sure enough, she finds her last name on the list using foundmoney.com. To her surprise she discovers the three hundred thousand life insurance policy. Insurance company tried to notify her of the policy after her husband's death, but they were unable to reach her.
The most common types of Unclaimed Property are:
• Bank accounts and safe deposit box contents
• Stocks, mutual funds, bonds, and dividends
• Uncashed cashier's checks or money orders
• Certificates of deposit
• Matured or terminated insurance policies and benefits
• Estates
• Mineral interests and royalty payments, trust funds, and escrow accounts

Unclaimed money is everywhere. A clip from the Maury Povich show demonstrates how easy it is to lose money in today's complex banking and social system.

With the use of the internet finding money is easy. Just search on the national unclaimed money database at www.foundmoney.com

Unclaimed Money is everywhere you look, from the coins on the street to the big checks at large institutions, the phenomenon is spreading. Here at foundmoney.com we discern how and where money becomes unclaimed. World wide it is estimated there is over $700 billion in unclaimed money.

United Kingdom, France, Germany and many other countries are just learning how to come with unclaimed money. New Zeeland Inland Revenue department keeps their own list separate from any others. In a country like UK the estimate of unclaimed money and property is in excess of £15 billion, that’s is more than $24 billion American dollars.

New York is the most famous place to visit. As the largest city, from the Empire state building to Statue of Liberty, and a city that never sleeps, New York City is magical, and adding to this magic is the amount of unclaimed money. Residents of New York State have more than 11 billion dollars in unclaimed funds with majority of the money coming from New York City.
State of Indiana with its population ranked 16th in the country has over $350 million in unclaimed money. Not bad for a population of just over 6 million.

IRS has been unable to deliver some $160 million dollars to taxpayers. This money is a part of the economic stimulus package designed by President Bush. The President has signed H.R. 5140 (called Economic Stimulus Act of 2008)
Unclaimed property is in the form of, property issued or owed in the ordinary course of the holder's business, sums owing on traveler's checks and money orders, unclaimed court ordered refunds from business associations, gift certificates or credit memos, unpaid wages, employee benefit trust distributions and income, safe deposit boxes, bequeathed property, and intangible personal property (stocks, bonds, etc.) held or owing in this State.

Anywhere you look, found money could be knocking. Search for your parents name, grandparents and relatives. You must search for yourself. Visit www.foundmoney.com and follow the easy guide to claiming money.

Florida: In a stunning development the NAIC President along with Kevin McCarty the Insurance Commissioner, announced a return of unclaimed money to consumers from MetLife Inc could top $700 million dollars. This money being returned is due to MetLife insurance Company keeping poor historical records of policyholders, resulting in a staggering amount of unclaimed money. The investigation into these allegations arose from consumer complaints. During the investigation commissioned by the State of Florida, startling facts were uncovered. Many other insurance companies have engaged in similar practices of failing to keep proper records.

Our own investigation into this problem revealed staggering amount of unclaimed money piling up. The net result in Florida could reach three billion dollars between all the insurance companies. Some insurance companies opt out of keeping proper policy beneficiaries, only to later settle on the amount with the state.

Prudential Insurance Company and John Hancock Life Insurance have too reached a deal with the State of Florida. We will find out what that settlement entails shortly. More insurance companies are making new settlement deals with state. "This is alarming", says Edward Palonek, founder of FoundMoney.com. Internet's first and largest database of unclaimed money and property. "This problem is a nationwide allowing millions of dollars to be lost, in some cases forever." says Edward.

Everyone dreams of winning it big someday in the thousands of lotteries available to play throughout the country. The person going to the corner store to buy a snack or fill up their car most likely ends up buying a lottery ticket as well. Millions of dollars are spend each month in lottery tickets in the hopes of winning that multi-million dollar draw. Every lottery player wants to be a big winner but the sad truth is, many of these potential millionaires, do not even come forward to claim their prize. There are people who buy lottery tickets but forget to check the ticket after the draw or misplace it and are unaware that they have won money which is some cases could be millions. These lost or forgotten lottery tickets results in millions of dollars becoming unclaimed.

“Although the winners have lost out, the bright spot in all this unclaimed money is that once the time period expires to claim the winning ticket, which is usually one year in most cases, the unclaimed money goes towards government programs which helps everyone”, says Edward Palonek, founder of Foundmoney.com, a company specializing in helping people find unclaimed money, since 1994.

In Illinois, for example a $200,000 winning ticket purchased in Roundlake, IL expired on March 26, 2012, while a 100,000 purchased in Lagrange, IL will expire on May 12, 2012. Yet another winning ticket for $250,000 is about to expired on June 7, 2012, that was purchased in Crete, IL.

“It would appear that there many people with a winning ticket in their pocket and in a few very lucky cases, they could be millionaires and not even known it. In these tough economic times, don’t be one of the unfortunate ones that end up walking away from millions of dollars because you forgot to check your tickets for unclaimed winnings” says Palonek.

Elected officials are even starting to take notice of the millions in unclaimed lottery tickets. Sen. Joseph Zarelli, in Washington, has introduced measures that illustrate the range of reforms he says legislators can and should adopt during the 2012 session to continue moving state government toward financial stability.

According to Sen. Zarelli, his recent Senate Bill 6379 would change the fate of unclaimed state-lottery winnings, which are now split between the lottery commission (two-thirds, for future prizes) and the economic development strategic reserve account controlled solely by the governor (one-third). This legislation would move all unclaimed winnings to the general fund – an estimated $18 million per year.
Zarelli said “the revenue returned to the general fund by SB 6379 would be enough to "buy back" cuts in the governor's proposed budget to services for the elderly, including adult day care services to assist with daily living, reimbursement rate reduction to agency providers, and Meals on Wheels.”

"This is an example of what I mean about the Legislature reprioritizing to make better use of existing revenue. Why ask voters for new revenue when these dollars can be used for what I would view as core services of government?" says Sen. Zarelli.

Massachusetts State Treasurer, Steven Grossman announced he is working to return millions in unclaimed money. We look behind the scenes of State's handling of unclaimed money. Last year more than 76 million dollars was turned over to the treasury. However, only accounts worth or holding more than $100 dollars are reported. What happens to the millions of accounts with less than $99.99?

“If a grandmother passes away and a bank passbook with $4,000 sits in a bottom drawer and no one knows it’s there ... If they find the passbook, even 10 years later we are obligated to give them that money with interest. There’s no statute of limitations,” State Treasurer Steven Grossman said during an interview, he did not say what happens to the other accounts. Seven has also failed to say what happens to unclaimed money if left unclaimed for a long time. Some states have begun to seize unclaimed money and removing names for listings. People, in turn can't find their names anymore.

Adding to this complex issue are the state's budgetary items, always behind and always going further into debt? Making missing and forgotten money an easy target for state's source of funding. Find your money today, don't delay!

Finding unclaimed money could no be easier than today. In the early days, in the late 1990’s various state and federal government agencies and departments did not share information about unclaimed funds. FoundMoney went through some extraordinary measures to get this information from the above mentioned agencies. Nowadays, finding money is as easy as searching the web. Still, claiming your money can often prove to be quite challenging, especially if you are lacking a “clear” and proper documentation. When it comes to accounts left by your relatives and friends to which are you legally entitled, the rules that govern the process keep changing. This is where Foundmoney can provide quality advice on how to best complete any given claim form.

We believe in best and most reliable service possible. Since 1994, Foundmoney has helped thousands of people find their lost or forgotten money. While there are many foundmoney scams out there, Foundmoney.com is a genuine website that specializes in finding
people’s unclaimed money. Please click to verify http://www.webentrust.com/sites/foundmoney.com.html

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