— October 30th, 2023 —
Published in Personal Finance
on finance.yahoo.com
Written by Kaz Weida
If you’re searching for information about how to file a life insurance claim, it’s likely you’re facing the devastating aftermath of losing a loved one. It can be difficult to deal with your own grief while trying to manage final arrangements. But getting a life insurance payout quickly is essential to smoothing the way and ensuring you and your family have the financial support you need.
Fortunately, life insurance policies are intended to act as a safety net during this difficult time.
In some cases, life insurance policies allow policyholders to collect death benefits or withdraw money against the face value of the policy in the event of a terminal or critical illness. This is a life insurance rider known as an accelerated death benefit that can be added to a policy.
But generally, life insurance claims are made soon after the time of death of the policy owner.
Filing a claim for life insurance is a fairly straightforward process:
Taking the time to gather documentation and make sure you understand the steps to filing a claim can be difficult, but there are resources available to help survivors collect benefits. If you still can’t locate a policy, double check with your state’s department of insurance website or the National Association of Insurance Commissioners Life Insurance Policy Locator Service.
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