How Soon Does Life Insurance Payout?
- 1313 POINTSview profileLenny RobbinsPrincipal, LifeNet Insurance Solutions, Redmond, WAFrom my experience most life insurance policies pay the proceeds within a couple of days once they are in receipt of a certified copy of the death certificate. There are always exceptions to this rule, especially if circumstances surrounding the death are suspicious or they die within the 2 year contestibility period.Answered on April 23, 2014flag this answer
21750 POINTSview profileJim WinklerCEO/Owner, Winkler Financial Group, Houston, TexasGreat question! Insurance companies are required to make quick payments after the claim is filed. That said, they will need the claim filled out and sent in by you, and the death certificate received also, so it is best to get those in as quickly as possible. If there is a question about the circumstances or cause of death, the company may require more time as the death is investigated. In most cases, you will see the funds from a normal death within a couple of weeks. Thanks for asking!Answered on April 23, 2014flag this answer
10968 POINTSview profileTim WilhoitOwner, Your Friend 4 Life, Brentwood TNLife insurance proceeds can vary from insurance company to insurance company, but usually from a few days to a few weeks. The important thing is to fill out the proper paperwork and have a certified copy of the death certificate. Once the claims department of the life insurance company has all the forms and supporting documents the claim should be processed in a timely manner.Answered on March 16, 2016flag this answer
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