Consumer Alert: Kansas life insurance policy scam
April 3, 2023
FOR IMMEDIATE RELEASE March 31, 2023:
Letter offering millions in unclaimed life insurance policy is a scam.
Topeka, Kan. - The Kansas Insurance Department and the Office of the Kansas State Treasurer have received reports of a mail scam circulating in multiple Kansas counties. These letters claim to be from an attorney with law firms located in Canada, and state there are millions of dollars in an unclaimed life insurance policy available. The sender asks the recipient of the letter to partner with them to claim these monies.
Insurance Commissioner Vicki Schmidt and Treasurer Steven Johnson advise Kansans that these letters are a scam, and to not contact the sender. "Unfortunately, scams like this are nothing new," Schmidt said. "If it sounds too good to be true it probably is. You should always be cautious of any unsolicited offer that promises no risk but requires your personal information before you can claim an alleged benefit."
"There are no fees associated when locating unclaimed property – including old life insurance policies that have been remitted to our office," Johnson said. "While we may follow up to request additional information to verify your claim, these letters will come directly from our office, not from a third party. You can always contact our office to verify that a letter is authentic."
There are legitimate ways to check for both a life insurance policy benefit and unclaimed property through valid sources. Kansans can locate a life insurance policy using the National Association of Insurance Commissioners’ Life Insurance Policy Locator at eapps.naic.org/life-policy-locator. To check for unclaimed property in your or a loved one’s name, visit the Treasurer’s Unclaimed Property division at kansascash.ks.gov/up_main.html or call 785-296-4165.
To report suspected insurance fraud, contact the Kansas Insurance Department’s Anti-Fraud Division at 785-296-5203 or by email at kid.antifraud@ks.gov.
See PRESS RELEASE
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