1. 1000 POINTS
    Tyler Maddox
    Retirement Specialist, Cambridge Financial Group, Greenville, SC
    Usually fairly quickly provided the Beneficiary has the Death Certificate for the deceased.
    Sometimes a company will accept an obituary or some other proof of death, but usually they want the actual certificate.
    After they receive it, most companies will send you a check within 2-4 weeks max.

    If there are suspicious circumstances around the death it could hold up the process.
    Answered on April 3, 2013
  2. 710 POINTS
    Larry Tew
    Larry Tew Financial, Raleigh, NC
    To add to what Tyler said, the first concern many people have is how to pay for funeral expenses. Most funeral providers will accept a "collateral assignment" against the life insurance proceeds. This is a lien filed immediately with the insurance company that provides that the funeral provider be paid first directly from the insurance company with the balance of proceeds going to the beneficiary.
    Answered on April 6, 2013
  3. Did you find these answers helpful?
    Yes
    No
    Go!

Add Your Answer To This Question

You must be logged in to add your answer.


<< Previous Question
Questions Home
Next Question >>