Rick Case Insurance Agency Blog
Life insurance is one of the most convenient options for many people for their financial planning. Its primary purpose is to safeguard your loved ones and guarantee financial support when you pass away. In this article, learn some of the essential details regarding the life insurance policy’s claims process.
Filing Your Claim
In case the insured has passed away, the first step you need to take in filing a claim is to contact the insurer. And since most insurance companies integrate their brand online, you might as well file your claim on the insurer’s website. If that isn’t the case, you’ll most likely settle it via phone call or writing a request letter for the claims process.
Regardless of which way the insurance company would require, it’s crucial to document sufficient evidence to obtain the payout.
In filing your claims, remember that you have various options to receive the death benefit for your payout. You must communicate with your insurer or consult an agent to determine which way would be appropriate for your situation. Here are some of the payout selections available for you:
There are plenty of benefits available in life insurance policies. Generally, life insurance companies will only release a payout at the time of the policyholder’s passing. If you want to decide which way to obtain your benefits, you should consult your agent to weigh in options.
How Long Will the Claims Take Effect?
Usually, the waiting period for beneficiaries to claim the death benefits take between one week and up to two months. But the payout can get delayed for some reasons, mostly if there were unnoticed errors midway through the process. On the other hand, homicide cases could take longer than usual, owing to investigating matters that must be conducted.
Life insurance policies generally give the insured and his beneficiaries peace of mind, ensuring the survived family’s financial safety net. If you want to achieve a smooth claims process, it’s crucial to have clear two-way communication with your insurance provider.
At Rick Case Insurance Agency, we do our best in making sure that our clients are well-protected with affordable and comprehensive policies. We make sure to go the extra mile to help you with your needs. To learn more about how we can help you, please contact our agency at (405) 722-5556 or Click Here to request a free quote.