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How To Make A Claim For A Life Insurance Policy

Dec 26, 2014

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How To Make A Claim For A Life Insurance Policy How To Make A Claim For A Life Insurance Policy

The Life Insurance Claims Process

Investing in a life insurance policy is the best way to ensure that all of your loved ones are financially protected when you are gone. Since life insurance claims can only be made once during the life of the policy, it can be slightly confusing when it comes time to make the claim. Knowing how to navigate the claims process can help to make the process much smoother and easier.

Since you will not be around to make a claim on your life insurance policy, it will be up to your beneficiaries to make the claim. You can name multiple people as the beneficiaries of your policy, or just one person. You will also have to designate if you want the payout to be shared equally between all of your beneficiaries, or if they will receive the benefits in varying percentages.

When your beneficiaries make a claim on your life insurance policy, they will need to have the actual policy available to provide specific information to the insurance company. They will also have to provide an official death certificate and other documents to the insurance agency. All documents that are sent to the insurance company must be the original documents or notarized copies.

After all paperwork is filled out, the insurance company will start processing the claim. The amount of time that the claim takes can vary from company to company. Most companies try to process claims as fast as possible so that grieving families can get the payout as soon as possible.

Contact the insurance experts at Cook, Disharoon & Greathouse in Oakland, California for all of your Northern California life insurance coverage needs. As an independent insurance agency, we will work with you to ensure that you have the most comprehensive coverage, all at the right price.

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