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S.I. Woman Gets $10,000 From Unclaimed Funds

NEW YORK (AP) — Penny Martin won’t have to be pinching pennies any more.

The Staten Island woman recently discovered that she was the beneficiary of a $10,000 life insurance policy held by a former boyfriend who died in 1985.

On Thursday, Martin was presented with a check from the state’s unclaimed funds at a news conference attended by state Comptroller Thomas DiNapoli and state Sen. Diane Savino.

The state has $10.5 billion in unclaimed funds dating to the 1940s. It includes unclaimed insurance policies, lapsed bank accounts and other property.

The 47-year-old woman works as a cook at Forever Young Senior Center. She spent much of last year living in a homeless shelter.

She said she wakes up now feeling “each day is a blessing.”

(Copyright 2010 by The Associated Press. All Rights Reserved.)

  • mag

    to Bart: I understand, but figured I put it out there.

  • Widow Maker

    Is the IRS going to steal a chunk of that now?

  • mag

    Here you go Bart:

    • bart simpson

      thank you, i was really commenting on the journalism aspect, how do print 1/2 the story?

  • Mark

    This is a case of “God driving away the flies from a tailless cow” I am happy for you, woman.

  • bart simpson

    Very nice story, how about providing a link to the unclaimed funds website so we can check if our names are on it?

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