How Long Does It Take To Get Money From Life Insurance?
0 POINTSContact Meview profileDavid RacichPROFountain Hills, ArizonaAssuming the question is addressing death claim proceeds; there is a standard practice among life insurance companies to verify the validity of the claim. This is especially true in the two year contestability period beginning at the date of the policy issuance. Generally speaking, death benefit proceeds should be received in 30-60 days.Answered on May 21, 2013+01+1 this answer
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63333 POINTSview profilePeggy MaceMost of the U.S.My father passed away this February and my mom got the benefits from his policies a few weeks after submitting the death claims. Getting the certified death certificate to submit with the death claim actually took about as long as getting the life insurance payments did. One of these policies was taken out in 1945. Life insurance is an amazing thing.Answered on May 24, 2013flag this answer
4249 POINTSview profileGary LanePresident, Lane Independent Agency, Southern CaliforniaThat is a critical question in making your selection of life insurance companies. Some companies question and challenge every claim. Some companies take over six months to pay on claims. Some companies try to get the beneficiary to invest in their annuities or other plans, rather than making a payment to them. We have seen them all. I am proud to say that New York Life is known for the quickest payment in the industry. Claims are honored, even if they are in a gray area, and paid promptly. Our average life insurance claim is paid in less than one week. Please call me. Gary Lane, Registered Representative, 949 797 2424. Thank you.Answered on December 22, 2013flag this answer- 63333 POINTSview profilePeggy MaceMost of the U.S.It can take from days to months to receive the benefits of a life insurance claim. Part of it depends on how thoroughly the death claim paperwork is completed. Each states's insurance regulators monitor claim payment times and will give the insurance companies a bad mark if they take too long to pay out the life insurance benefit.Answered on December 26, 2013flag this answer
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