The Problem
A study by Consumer Reports found that there is currently over $1 billion in life insurance benefits waiting to be claimed. But that is not all…the U.S. Federal government indicates that it holds over $17 billion in unredeemed savings bonds, IRS refunds, retirement and social security checks. That doesn’t even include unclaimed property or personal financial accounts.
The Solution
The solution is a website (and eventually an app), called Life Binder, which allows any consumer to manage and maintain life’s important financial, legal, medical information (and more) in one place to ensure that critical information is not lost during any life event or transition. We truly believe that this offers peace of mind found from the knowledge that your family and finances are secure and will be available if and when needed.
Life-Binder-Video from Filene Research on Vimeo.