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State says $12 million in life insurance sits unclaimed

The state says it has posted a new unclaimed property list in Rhode Island for 2014 and included in unclaimed property and cash, their also sits $12 million in unclaimed life insurance payouts.

According to the Office of the General Treasurer, more than $8 million was returned to Rhode Islanders in 2013.

Abandoned bank accounts, unclaimed insurance proceeds, un-cashed checks, stocks, dividends, and contents of unattended safe deposit boxes are among the assets turned over to the treasury. Inactive bank accounts are considered abandoned after three years.

You can check www.treasury.ri.gov/up2014 or call (401) 462-7676.

You can also check a database of governmental unclaimed property records at www.missingmoney.com

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