Florida Law Forces Life Insurers To Find Beneficiaries
April 23–Donna Delzingaro’s father died in 1990, but it wasn’t until decades later that she got a call from the state informing her that she and her sisters each had nearly $44,000 coming to them from a life-insurance policy on her dad.
“We were shocked,” said Delzingaro of Ormond Beach, who received the money in 2013. “My parents never told me there was a policy. I think they forgot about it themselves.”
Delzingaro is one of thousands of Floridians who have received a combined $362 million since a multistate probe found life-insurance companies were sitting on billions of dollars that should have gone to beneficiaries. About $122 million more awaits disbursement to beneficiaries who haven’t been located.