Syndicated Financial Columnist, Host of the weekly talk show Steve Savant's Money, the Name of the Game, Scottsdale Arizona
Video Transcript: Today's question is, How long does it take to get life insurance money? Well I'm assuming this question is how long does it take to get death benefit proceeds if somebody died that I am the beneficiary of? If I'm looking at that, usually it's around 30 to 60 days. You're going to get a form from the company. You're going to have to fill that form out. Generally they're going to get a newspaper clipping from the obituary and the certificate of death.
Once that's processed, you should be getting a check, sometimes even wired to your account depending on how you set it up, you should be getting a check between 30 and 60 days generally, unless the death occurs in the first to years. If it's during the first two years of a contestability it'll take longer because the company has the right to investigate the claim.
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Once that's processed, you should be getting a check, sometimes even wired to your account depending on how you set it up, you should be getting a check between 30 and 60 days generally, unless the death occurs in the first to years. If it's during the first two years of a contestability it'll take longer because the company has the right to investigate the claim.