How do I file a life insurance claim?

 

To begin the claims process:

• Copies of the death certificate should be obtained in multiples.
• Make contact with your insurance representative. He or she can assist you in filling out the relevant paperwork and serve as a liaison with the insurance company. (Life insurance policies should not be kept in a safe deposit box.) Safe deposit boxes are usually shut temporarily following the owner's death in most states, which might cause settlement delays.) Contact the insurance company directly if you don't have an agent or don't know who the deceased's agent was.
• With the policy claim, include a certified copy of the death certificate from the funeral director. After you submit your claim, you should get a payment within a few days. Following the submission of a life insurance claim, you must decide how the benefits will be dispersed. Here are some of the possibilities:

1. The whole death benefit is paid to you in one lump payment. 2. Specific income provision—On a specified timetable, the corporation pays you both principle and interest. 3. Option for life income: You will get a guaranteed income for the rest of your life. The amount of money you receive is determined by the death benefit, your gender, and your age when the insured died. 4. Option for interest income—the corporation keeps the funds and pays you interest on them. When you die, the death benefit stays intact and is distributed to a secondary recipient.