Whenever a relative passes away and there are no clear beneficiaries, or no one is aware of the intentions of the deceased, a situation arises that could result in unclaimed life insurance.
In March of 2011, the Internal Revenue Service (IRS) announced that it had $1.1 billion dollars of unclaimed federal tax refunds owed from 2007.
Unclaimed refunds sit in a non-interest bearing bank account until they are paid.
The only certain method of determining whether you have an unclaimed refund is to file a return.
Therefore, you cannot obtain any of the unclaimed funds if you are not owed them.