When the policy owner or holder of the life insurance policy dies it is up to the beneficiary to make a claim. There are two levels of beneficiaries, the first is the primary which can be more than one person or company. The next level is the contingent beneficiary. This level of benefit is only paid if the primary beneficiary were to die prior or at the same time as the policy holder.
The procedure is fairly simple. Contact the insurance company and ask for a death claim form which is usually one or two pages. Submit the form along with a certified copy of the death certificate and the proceeds will be released in a very timely manner.
When the insured person of a life insurance policy dies, someone must report it to the life insurance company. They usually have a phone option for death claims and are very helpful in getting you the paperwork needed. When my father died a couple of years ago, the funeral home took care of that request.
You will need to order a certified death certificate to send to the insurance company. When you get that and have the paperwork ready, send them all together to the insurance company. They will send you a check for the lump sum, or you can take the death benefit on a payment plan and spread them out over a number of years.
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The procedure is fairly simple. Contact the insurance company and ask for a death claim form which is usually one or two pages. Submit the form along with a certified copy of the death certificate and the proceeds will be released in a very timely manner.
You will need to order a certified death certificate to send to the insurance company. When you get that and have the paperwork ready, send them all together to the insurance company. They will send you a check for the lump sum, or you can take the death benefit on a payment plan and spread them out over a number of years.