Unclaimed Cash From Insurance Settlement

Thousands of military men and women could be owed money from a huge insurance settlement.

The North Carolina Department of Insurance says the improper life insurance sales practices targeted servicemen and women. Officials say anyone who bought a Horizon Life Insurance policy from 2000 to 2006 should go online to see if they are owed any money from a major settlement. Officials say more than 47-hundred troops and 800 civilians could be affected.

Click here to see if you are owed money under the settlement.

"Unfortunately, there are people out there who have taken advantage of the service men and women who put their lives on the line to protect our country," said N.C. Insurance Commissioner Wayne Goodwin.

Officials involved in the initial investigation say companies misled young recruits into believing they were buying an investment product, when in fact they were buying an expensive term life policy coupled with a side fund.

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