How Does My Family Claim Life Insurance When I Die?

Once a loved one has passed away, life insurance beneficiaries will need to know the steps to take in order to collect the life insurance payout to which they are entitled. This is typically not a task that is carried out by the executor of the estate.

In cases where the beneficiaries depend on the person who has passed for financial support, filing a claim is a priority to get the money as quickly as possible to cover expenses such as mortgage payments, utility bills, etc. Associated Insurance Agencies Inc. or Westerville, OH is here to help you every step of the way from purchasing the insurance policy to assisting beneficiaries in the collection of the payout.

Claiming Life Insurance Benefits

To claim the benefits from a life insurance policy, the beneficiary will need to contact the insurance company that sold the policy. Some insurance companies will require a form to be submitted by the beneficiary reporting the death of the insured. Once the form is received, a packet will be sent to the beneficiary with instructions on how to proceed. Typically, all that needs to be done is to complete the claim forms in the packet and return them to the insurance company along with a certified copy of the death certificate.

In the event that more than one beneficiary is named on the life insurance policy, each beneficiary will need to submit a claim form. Should the primary beneficiary die before the policyholder, the alternate beneficiary will be able to claim the proceeds of the policy. In this case, the alternate beneficiary will also need to submit a copy of the certified death certificate for both the primary beneficiary as well as the policyholder.

At Associated Insurance Agencies Inc. or Westerville, OH, we understand the difficulty of filing insurance claims in the wake of a loved one’s passing. We are dedicated to making the process as easy as possible during your time of grief. For more information, give us a call today.