1. Why have I received a letter from UPRR?
Very often, when consumers purchase insurance policies there is very little information about the beneficiary. For example, a parent might name a minor child as a beneficiary or the insured does not know the social security of the intended beneficiary. With such limited information it can be difficult to identify the beneficiary when the policy needs to be paid. Based upon information that is available, UPRR works to determine the next of kin (i.e. likely beneficiary) so that the claim process can be started. Based on research, UPRR has identified you as the next of kin on a qualifying life insurance policy.
2. How do I claim the benefits of this policy?
UPRR will work with you to demonstrate your relationship to the insured to the insurance company. Alternately, you may contact the insurance company directly. Please refer to the letter you received from UPRR for the contact information of the insurer if you prefer to work with them directly.
Oil & Gas Royalties
1. Why have I received this letter from UPRR?
An oil and gas company has retained UPRR to locate lost or missing mineral interest owners or their heirs and to send contact letters to those who we were able to find. If you have received our letter, you have a potential ownership interest in the amount of suspended funds indicated in the letter. By selecting one of the program options offered in the letter, you can begin the process of re-establishing contact with the oil and gas company and collecting funds owed to you.
2. Why did the oil and gas company retain UPRR to locate me?
Oil and gas companies have a continuing need to maintain contact with mineral interest owners or their heirs in order to do a variety of things including effectuate leases, circulate division orders, and disburse royalty payments. When these interest owners become lost or missing, they present special challenges to those tasked with locating them. UPRR has worked since 1996 to reunite missing owners with assets they
may not even know they had using sophisticated technologies. We are, in fact, the leading asset owner location firm in the country.
3. Why have my funds been unpaid?
For a variety of reasons, oil and gas companies are occasionally forced to place owner funds in “suspense”. This means that monies due to you are being held in for your benefit at an oil and gas company but payment cannot be made because either your mailing address became lost or because some other documentation is lacking to establish you as the rightful owner of the funds. Once these documentary hurdles have been cleared, you will be able to properly establish your ownership interest.
4. Do I have to participate in the programs offered by UPRR?
No. If you choose to work with UPRR, you will have access to our experienced team of professionals in establishing your interest, but participation is voluntary.
5. What happens if I do nothing?
Failing to act may cause your interest to be escheated to the state in accordance with the individual state’s unclaimed property law.