When the person who is the insured of a life insurance policy dies, the primary beneficiary(ies) of the life insurance policy can make a claim on the death benefit fro the policy.
To file a claim on a life insurance policy the life insurance company will usually require a claim form and an original of the death certificate of the insured person before they can pay the proceeds of the life insurance policy. Some life insurance companies may have additional requirements.
Upon receiving all completed documents required, the insurance company will review the claim and send the money to the beneficiary usually within 7-10 days.
The beneficiary will generally have a couple of options on how to receive the death benefits including being delivered a check for the amount, or the life insurance company setting up a savings account with the proceeds for you to withdraw from as you wish.
To file a claim on a life insurance policy the life insurance company will usually require a claim form and an original of the death certificate of the insured person before they can pay the proceeds of the life insurance policy. Some life insurance companies may have additional requirements.
Upon receiving all completed documents required, the insurance company will review the claim and send the money to the beneficiary usually within 7-10 days.
The beneficiary will generally have a couple of options on how to receive the death benefits including being delivered a check for the amount, or the life insurance company setting up a savings account with the proceeds for you to withdraw from as you wish.
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