How Long To Collect Life Insurance?

  1. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    There is no limit on how long you have to collect the death benefit on a policy for which you were named beneficiary. There is a time limit for how long you can contest a policy for which denial of benefits was made due to misrepresentation on the application. This varies from state to state.
    Answered on January 4, 2014
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  2. 3998 POINTS
    Matt Benore
    Founder, DenverWest Insurance Professionals, Inc.,
    Once a claim has been made the company should release the benefit soon after.  If there is a policy which you are the beneficiary but you do not know where or who has the policy, you can go to mib.com, click on find a policy.   There is a small fee but if a policy was taken out and underwritten, there should be a record of it's existence.
    Answered on January 4, 2014
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