how long does it take to recieve a life insurance check?
How long does it take to recieve a life insurance check?
my grandma died and left me her life insurance policy and i have sent out all the necessary paperwork and i was wondering how long it takes to recieve payment … i kno it depends on how she died and things soo she died of terminal cancer any help???
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4 Responses
2.1.2010
Best Answer – Chosen by Voters Ok, it doesn't matter WHO she "left the policy" with, the only person that gets the check, is the named beneficiary at the insurance company. So whomever she told THEM to pay, they'll pay. It usually takes 2-4 weeks AFTER they receive all the document, IF the policy isn't contestable. If she died of cancer, and has had the policy less than two or three years (time frame varies by state) it's likely going to take a LONG time, like six months – because they are going to request all her medical records, and cross check them against the answers on the application, to see if she lied about anything. If something on the application contradicts her medical records, they deny the claim. Source(s): agent, 21+ years
2.1.2010
Just take 2 or 3 weeks the payment will payout.
2.1.2010
If you have filled out the forms and supplied a copy of the death certificate, It will probably take a couple of weeks to a month.
2.1.2010
Also you might the beneficiary on the policy certificate that you have, but that doesn't mean that you are the current beneficiary. This is changed all the time and the company will only send out a new certificate if you pay $10 – $20.You might also try calling the company to see what the turn around time is (they could also tell you if you received the paperwork in good order). This would be more productive for you.