How Long Does It Take To Claim A Life Insurance Policy?
37376 POINTSview profileDavid G. Pipes, CLU®, RICP®Business Development Officer, T.D. McNeil Insurance Services, Fresno, CaliforniaDeath claims are handled quickly. The company needs a death certificate and in some cases a simple form. When the death is under investigation, or the body has not been recovered, the claim can take a long time. Ultimately a court will decide when the insurance company should honor the claim and to whom the proceeds should be paid.Answered on March 31, 2014flag this answer
21750 POINTSview profileJim WinklerCEO/Owner, Winkler Financial Group, Houston, TexasGreat question! Insurance companies are required to pay out quickly after all required paperwork is filed. The payment can be quick, in the case of promptly sent death certificates, and claim forms. If the forms are delayed in sending, or doctors records are needed, etc. the payment may take a while longer. There are some companies that are quicker than others at paying out claims, because their administrative processes are better. Ideally you should have a payment within a few weeks of determination. If you need more information, please feel free to contact me. Thanks for asking!Answered on April 21, 2014flag this answer
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