TOPEKA (KSNT) – The State Treasury Office is working to change how insurance companies notify beneficiaries.
One woman found out she was her father’s beneficiary almost 16 years after his death.
Last week Kansas First News employee Kim Fellows finally received a notice from Prudential Insurance asking her to claim it.
Turns out not being notified by insurance companies happens to hundreds of people every year.
“Insurance companies do have to do some sort of due diligence to find beneficiaries,” says Estate Planning Attorney Mark Burghart. “As a practical matter, I think ultimately it’s the beneficiary who has to file the death claim.”
The State’s Treasury Office is working to make insurance companies more accountable in notifying beneficiaries.