how long will it take to recieve the payment of life insurance?
How long will it take to recieve the payment of life insurance?
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??? the insurance company has already contacted me because i am the beneficiary and i have already filled out all paperwork .. she had the life insurance policy over 20 years and through her work … now its the waiting game
No related posts.
Related posts brought to you by Yet Another Related Posts Plugin.
4 Responses
2.1.2010
Best Answer – Chosen by Voters It shouldn't take no longer than 30 days. My company pays out within 48 hours to 7 days. Some does the same, other's wait until the last minute.You should check with your State's insurance department to find out when an insurance company must pay its death claim by. My state gives companies 30 days to pay it. If the insurance company want to investigate the death, they must notify you in writing and notify the state insurance department. If investigation is needed, the state will give the company 60 days from date of request for investigation. If the company finds nothing, the insurance company must pay by the 60th day. Source(s): <>
2.1.2010
It can be a while — each case is different. They are going to be sure to check into every line item on their policy to make sure that there isn't some reason for them not to give you the money. If you are worried about paying bills related to her death, check with an attorney, as some of her debts may be automatically cancelled.
2.1.2010
All depends on the type of Beneficiary you are, was it Binding? If so you will be paid within 2 – 4 weeks.If not, it could take longer because they will need to advertise the claim in the newspaper, calling for anyone else who may consider themsleves as an eligible beneficiary…. if there are no challenges then about 4 – 6 weeks
2.1.2010
Normally 2-6 weeks. Whatever company it is would know what their current turn around time is better than any of us. Contact them directly.You have to forgive the thorough answers from before. We see a lot of people ask the exact same question who don't expect the claim to be contested during the contestability period or who assume they are the beneficiary just because they are the spouse or something.