Millions in unclaimed funds for veterans
Veterans and their families may be eligible to receive unclaimed funds totaling at about $33 million, according to the Department of Veterans Affairs. Unclaimed life insurance policy payments, dividend checks and refunds about $33 million in all have accumulated since the beginning of the VA insurance programs in 1917. The unclaimed payments can go up to $4,000 but are typically between $5 and $750, according to VA.
About 25 million people have enrolled in the insurance programs since World War I. The bulk of the unclaimed funds date from World War II, when about 22 million people enrolled.
These payments were returned to VA by the Post Office because they could not be delivered. VA holds this money until we can locate the policyholder. Some of these payments have been held for years.
The money is owed to individuals whom we have been unable to locate in order to make payment. The insurance policies involved are/were under the following programs:
Insurance Program Policy numbers begin with the letters
United States Government Life K
National Service Life Insurance N or V
Veterans Special Life Insurance RS or W
Veterans Reopened Insurance J or JR or JS
Service-Disabled Veterans Life RH
Veterans' families are urged to check if they are eligible online at https://insurance.va.gov/liability/ufsearch.htm. This site contains a record of money owed to individuals by name only (the original policyholder's name). You can search for debts owed to you or to a relative. However, even if there is a record under the name that you enter, the money may actually belong to someone else with the same name. If you find that there is a record of money owed to someone with the name that you enter, you will be asked to contact our office and supply additional identifying information to ensure that the money is definitely yours before it can be released.
Family members should have a veteran's name, date of birth, death and, if possible, and the insurance policy
The website is the fastest method to determine if a family member is eligible for a payment. There is also a toll-free phone number, (800) 669-8477.
Important note or a number of years, a false rumor has been spreading about a special dividend on government life insurance for all veterans. The money discussed on this site is not part of any rumored special dividend for all veterans. The monies discussed here are legitimate payments owed to present and former policyholders and their beneficiaries.
Please see your local county veterans service officer if you have any questions. You can contact your local VSO at (218) 631-7617 or by e-mail at email@example.com. As always, have a great week.