What Happens With Life Insurance When You Die?
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63333 POINTSview profilePeggy MaceMost of the U.S.When you die is when Life Insurance pays the death benefit to the beneficiary or beneficiaries that were named on your policy. If Term Life, the death benefit remains the same. If Whole Life that is growing cash value, the policy will continue to grow until you claim the death benefit.Answered on June 13, 2013flag this answer
0 POINTSContact Meview profileDavid RacichPROFountain Hills, ArizonaIf the life insurance contract is in force when you die as the policy insured, the policy beneficiaries will receive the death benefit proceeds. But they will need to submit a copy of the certificate of death and the newspaper obituary citing your passing. It takes about 30-60 days from the death of the insured to receive the policy proceeds.Answered on June 13, 2013+01+1 this answer
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