The benefits of life insurance are always paid to the beneficiaries listed on the policy. They can be the insured’s family members, siblings, or charity organizations. As a result, conventional life insurance policies are settled after the death of the policyholder.
Contact the insurance provider and inform them of the death of the insured and your intention to file a claim. The contact information is always available on the insurer’s webpage or policy documents. One may call, email, or send a letter to the insurer.
Get the documents ready
Some documents are vital for a successful insurance claim. They are:
- Death certificate: It provides proof of the death the policyholder. You may need several copies if there are several insurance policies
- Certificate of insurance: This is a policy document that is provided at the time of purchasing insurance coverage. It should be kept among essential papers since it easily gets lost given that it is rarely used.
- Insurance claim form: Insurance companies have a life insurance claim form on their website. You can download or fill them online depending on the policy provider’s requirements. At The Shay Agency in Wilkes-Barre, PA, we insist on seeing the original documents at some point.
Once you have these documents, you can visit the policy provider to file the claim. Alternatively, you can send them to the post office or courier services. The processing of the claim may take one to two months, depending on the level of necessary verifications. The benefits are often settled in lump-sum.
In conclusion, taking on an insurance policy is a choice that safeguards the future of your family and other dependents. You can secure them today by purchasing a policy with The Shay Agency in Wilkes-Barre, PA. Other states where we offer service include Florida, New Jersey, and New York. Contact us today at (570) 704-0074 for more information.