Losing your car keys is frustrating, but losing an insurance policy or an inheritance can be financially devastating. We all lose stuff, and most of the time it’s things like a wallet, eyeglasses or the TV remote. But would you believe that each year, assets totaling millions of dollars go missing?
<ul><li>Life insurance policies: they’re lost more often than you think. Survivors may not be aware that a policy exists. Paperwork can be lost. If you don’t have an efficient filing system, insurance papers can easily be accidentally thrown out.</li><li>There are other sources of unclaimed funds: pension plans, 401(k)s, bank accounts, IRS refunds, and savings bonds. There might be uncashed checks, CDs, trust funds, utility deposits, stocks and bonds, wages and even the contents of safe deposit boxes.</li><li>Get help with the NAIC’s <a href="https://eapps.naic.org/life-policy-locator/">Life Insurance Policy Locator Service</a>.</li><li>Find out more about the service in this <a href="https://content.naic.org/article/news_release_naic_life_insurance_policy_locator_helps_consumers_find_650_million_life_insurance.htm">press release</a>.</li><li>Get <a href="https://content.naic.org/state-insurance-departments">contact information</a> for state insurance commissioners.</li><li><a href="http://www.missingmoney.com/">MissingMoney.com</a>, sponsored by the National Association of Unclaimed Property Administrators, helps you search for unclaimed money in your name. If your state doesn’t participate in <a href="http://www.missingmoney.com/">MissingMoney.com</a>, visit <a href="http://unclaimed.org/">Unclaimed.org</a>.</li><li>Find unclaimed money from the federal government and other sources <a href="https://www.usa.gov/unclaimed-money">here</a>.</li></ul>On this program we also answer a few of your questions:
<ul><li>Eighteen years ago, my mom put money into annuities and said that she now wants to give it my brother and me. She wants us to use it now and to take care of it. But we don’t know what to do!</li><li>I’d heard that Social Security is running out! Is that true and if so, what should I do?</li><li>I have about $10,000 in savings and in investments. Also, I have good credit. Would it be wise to start looking at buying a house over the next year or do you think I should just keep saving and try to have more of a down payment?</li><li>Regarding my budget, how do you know when a vehicle’s maintenance is “nickel and diming” you to death?</li></ul>Remember, you can call in to ask your questions 24/7 at (800) 525-7000 or email them to <a href="mailto:questions@MoneyWise.org">Questions@MoneyWise.org</a>. Also, visit our website at <a href="http://moneywise.org/">MoneyWise.org</a> where you can listen to past programs, connect with a MoneyWise Coach, and even download free, helpful resources like the free MoneyWise app. Like and Follow us on Facebook at MoneyWise Media for the very latest discussion! And remember that it’s your prayerful and financial support that keeps MoneyWise on the air. Help us continue this outreach by clicking the Donate tab on our website or in our app.

FaithFi

Faith & Finance is a daily radio ministry hosted by Rob West. The program offers a practical, biblical and good-natured approach to managing your time, talents and resources.

Faith & Finance with Rob West

Losing your car keys is frustrating but losing an insurance policy or an inheritance can be financially devastating.  We all lose stuff but would you believe that each year, assets totaling millions go missing?  Rob talks about how to find them first.

Finding Lost Money

FaithFi | Apr 16, 2022

Show Notes

Where Faith Meets Finance

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