The first step is notifying the life insurance company of your claim.
Following the death of a loved one, the last thing you want to deal with is the life insurance company. However, a life insurance settlement can provide the necessary money to cover funeral costs and medical expenses and can act as an income supplement for you and your family. It is important to understand what is involved in filing a life insurance claim, so that you can avoid a delay in the process and denial of your life insurance claim.
You should review the details of the policy to become familiar with the benefits. If you cannot locate the policy, contact the life insurance agent or life insurance company for a copy of the life insurance policy. They will also be able to explain the benefits under the policy and provide information on how to file the life insurance claim with that particular life insurance company.
There will be forms that you will need to complete. Each adult beneficiary is generally required to fill out a proof of death form. Other supporting documents will be required by the life insurance company, such as a certified copy of the death certificate and a certified copy of the marriage certificate, if applicable. A funeral director can provide the death certificate. Once all of the forms are completed and the necessary paperwork is gathered, you will need to submit everything to the life insurance company.
The life insurance company will begin to review the claim upon the opening of the claim.
Our article, Top 4 Things You Need to Do to File a Life Insurance Claim, has additional helpful information regarding the filing of a life insurance claim.