At Nationwide we make our best efforts to locate unclaimed property owners prior to remitting it to the state as required by abandoned property laws. If you believe you are the rightful owner of property in Nationwide’s possession or have received a communication from us indicating you have unclaimed property with Nationwide, please refer to the below FAQs to determine what steps you need to take in order to claim this property.
How to Verify Unclaimed Property
Each state has unclaimed property laws that require companies to make reasonable efforts to find and notify those to whom they owe property. If the company is unsuccessful in locating the property owner, the property is considered abandoned and must be reported and remitted (or “escheated”) to the proper state to be held in trust until it is claimed by the owner. There are different dormancy periods for remitting funds to a state, but generally, it is three to five years after contact with the owner has been lost.
If you have received a letter indicating that you have unclaimed property with Nationwide Mutual Insurance Company or an affiliated company (Nationwide), a check or other asset has been issued to you that has not yet been cashed or claimed.
Unclaimed property notifications are issued by Nationwide for all Nationwide affiliated companies, including Allied, Titan, Scottsdale, Vet Pet, Nationwide Life, Harleysville, Agribusiness, Nationwide Bank, and others. You can find a complete listing of Nationwide affiliated companies here. You may have received a property notification if you owned a policy from one of these companies, provided services to one of these companies or are the recipient of a beneficiary or claimant through another who owns a policy from one of these companies.
Within the first 6-11 months of the dormancy period, you may receive a courtesy letter from Nationwide requesting you to take action and confirm whether or not funds are due to you. Additionally, many states require that a Due Diligence letter is mailed to the property owner in certain circumstances, usually within one year or less of the time funds will be remitted to the state. This is Nationwide’s last attempt to contact the customer and is identified by “DD” at the bottom right corner of the letter. Click on the below sample letters to verify that the template is the same as the letter you received.
Property may be owed to you for any of the following reasons:
- Refund for an insurance policy with Nationwide; or
- Claim payment for an insurance policy issued by Nationwide; or
- Annuity, pension, retirement account, or death benefits from Nationwide Financial companies; or
- Trust assets, bank account, or certificate of deposit maintained at Nationwide Bank; or
- Payment for services rendered to Nationwide.
Nationwide requires the last 4 digits of the customer’s social security number or business tax ID number to ensure that funds are reissued to the proper owner.
5. If I am the beneficiary (or representing the beneficiary) of the insured or annuitant of a Nationwide Life or Annuity policy, what actions should I take to ensure I receive the funds?
Our (life insurance/annuity/retirement plans) claims department will contact you regarding the actions you will need to take to complete the claim process. You will need to provide some or all of the following documentation, depending on the circumstances of the claim, state requirements, etc.
- Claim Form
- Death Certificate
- Documentation confirming that you are entitled to act on behalf of the beneficiary (i.e., Will, Letter of Administration, Letter of Testamentary)
- Additional supporting documentation may be required depending on the circumstance
6. The original check was issued to me and another party (i.e., spouse, attorney, business). How can I claim the funds in my name only?
- The second claimant will have to sign a release waiver, which must be notarized and returned to Nationwide along with the completed letter.
- If the second claimant is a lien holder or a body shop, proof that the lien has been satisfied must be provided to Nationwide along with the completed letter.
- If the second claimant is deceased, a copy of the death certificate must be provided to Nationwide along with the completed letter.
- If the funds were issued to a company that is no longer in business, return the letter and provide this information to Nationwide. Once Nationwide receives this documentation an internal review will take place to verify that it is appropriate to release the funds.
Please provide the completed unclaimed property letter, including your name and signature, the last four digits of your social security number, and current address via mail or e-mail:
- E-mail: firstname.lastname@example.org
Please allow 6-8 weeks for payment to arrive.
Nationwide Corporate Escheatment will reply within 24 business hours if a cover sheet requesting confirmation has been included in an e-mail submission. An e-mail address or contact phone number must be provided for confirmation to be sent.
Contact the Unclaimed Property Division in your state by visiting your state government’s website or by using the unclaimed property website at www.unclaimed.org.
11. I discovered that some funds were sent to the state under my name. Can you give me information regarding what the funds were related to?
Please e-mail email@example.com or contact our Customer Support Desk at 1-866-780-3772.