News Releases About unclaimed-life-insurance

Audits of Other Life Insurance Companies Identified More than $195 Million Owed to Grieving Families SPRINGFIELD — Three Kemper insurance companies sued State Treasurer Michael Frerichs to block an audit that would identify life insurance policies belonging to people who have died but the benefits have not been paid to their loved ones. Since 2013, most insurance companies under audit by Illinois have complied with requests to review records. The audits have identified more than $195 million in previously unpaid life insurance benefits and annuities. The insurance companies and Frerichs’…