Understanding Life Insurance Claim Timelines in Florida
When a loved one passes away, beneficiaries count on life insurance benefits to provide financial security. But how long does a life insurance company have to pay a claim in Florida? The answer depends on Florida law, the terms of the policy, and whether the insurance company raises any issues during the claims process.
Florida Law on Life Insurance Payout Deadlines
Under Florida Statute § 627.4615, life insurance companies are required to pay claims within 90 days after receiving proof of death and proof of the claimant’s interest. In most cases, if everything is in order, insurers process and pay claims much sooner—often within 30 to 60 days.
If the insurer fails to make payment within the required timeframe, the company may be required to pay interest on the unpaid proceeds. This law is designed to protect beneficiaries from unnecessary delays.
Common Reasons for Delays
Even though Florida law sets clear deadlines, insurers sometimes delay payments. Common reasons include:
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Incomplete documentation – Missing death certificates, beneficiary forms, or proof of identification.
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Policy contestability – If the insured passed away within the first two years of the policy, the insurer may investigate possible misrepresentations on the application.
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Disputes over beneficiaries – Conflicts between potential beneficiaries can stall payment.
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Suspicion of fraud – The insurer may conduct further investigation before releasing funds.
What Beneficiaries Can Do if Payment Is Delayed
If a life insurance company is taking longer than 90 days without a valid reason, beneficiaries have legal options:
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Request a written explanation for the delay.
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Consult a Florida life insurance attorney to enforce your rights.
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File a legal claim for interest or damages if the company acts in bad faith.
Bottom Line
In Florida, life insurance companies generally have up to 90 days to pay a valid claim once all necessary documents are submitted. While most claims are resolved more quickly, delays do happen—and beneficiaries should be aware of their rights to enforce timely payment.
Have you or someone you know been denied life insurance benefits? Contact Florida Life Insurance Claims Lawyer J.P. Gonzalez-Sirgo by dialing his direct number at (786) 272-5841, calling the main office at (305) 461-1095, or Toll Free at 1 (866) 71-CLAIM or email Miami Attorney Gonzalez-Sirgo directly at jp@yourattorneys.com or by text at (305) 929-8935.
