Changing how insurance companies notify beneficiaries

28CE5DE2777B4C92A23FE68C709B90FA

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.

 

 

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s