Co-Founder, Coastal Financial Partners Group, California
Normally, it can take as little as a week or two to receive death proceeds of a life insurance policy from the time the insurer receives a claim form and the death certificate.
In the event of death in the first two policy years, the insurer will need more time to investigate the claim as death occurred within the two year contestability period of the policy.
You can anticipate a wait of one to two months to get money from a life insurance policy, although it could be shorter, and (rarely) longer. To expedite it, order enough certified death certificates at the time of death to cover all policies you may find. Call your agent or the insurance company to have them email you the death claim. The sooner they receive these items, the sooner the life insurance proceeds will be paid.
.JPG){kind=avatar}
In the event of death in the first two policy years, the insurer will need more time to investigate the claim as death occurred within the two year contestability period of the policy.