1. 3485 POINTS
    J Scott BurkePRO
    President, Newbury Inc., Evansville, Indiana
    Your life insurance policy will have one or more beneficiaries listed as primary. When you die the primary beneficiary(s) file a death claim and send in a certified death certificate.

    The insurance company will mail or bank transfer the money to your beneficiary.

    If your primary beneficiary died before you did, it will be paid to your secondary beneficiary or to your estate if there is no living beneficiary.
    Answered on April 8, 2013
  2. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    When you die, the life insurance policy will pay the face amount of your policy to your beneficiary. If you have more than one beneficiary, it will be split among them in the percentages you stated in your policy. They can take it in a lump sum, or they can choose to received payments made to them at regular intervals until the death benefit is depleted.
    Answered on July 18, 2013
  3. 10968 POINTS
    Tim Wilhoit
    Owner, Your Friend 4 Life, Brentwood TN
    When you die the person you named as the primary beneficiary will contact your insurance company to receive a death claim form. They will need to complete this short form along with a certified copy of the death certificate. Most life insurance companies process a death claim in just a few days unless you die a questionable death that is under investigation. This can slow down a death claim.
    Answered on December 23, 2014
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