Residents of Pennsylvania have the opportunity to claim their portion of a $20 million+ unclaimed property settlement. The settlement was reached between the Pennsylvania Treasury Department and several life insurance companies who failed to pay out policies to beneficiaries.
To file a claim, individuals can visit the Pennsylvania Treasury Department’s website and search their name in the Unclaimed Property database. If a match is found, the claimant must verify their identity and provide documentation to prove their ownership of the property. This can include a copy of the policy or a death certificate, depending on the type of claim.
Once the claim is submitted, the Treasury Department will review it and determine if the claimant is eligible to receive the unclaimed funds. If approved, the funds will be released to the claimant.
It is important for residents to check the Unclaimed Property database regularly, as the settlement includes funds from a wide range of life insurance companies. By filing a claim, individuals can ensure that they receive the money that is rightfully theirs.
The deadline to file a claim in this settlement is November 15, so residents are encouraged to act quickly. The process is simple and can result in a significant payout for those who have unclaimed property waiting for them.
Overall, this settlement provides an opportunity for Pennsylvania residents to claim their share of the $20 million+ in unclaimed property. By following the steps outlined by the Treasury Department, individuals can easily file a claim and receive the funds that are owed to them.
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