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Do I need a death certificate to claim life insurance?
You fill out the insurers required forms, including listing the policy number and the cause of the persons death. You also need to submit a death certificate as proof. The insurance company will review the claim information to confirm the person passed away and that they died from a covered cause.
How long does it take to get money from a life insurance claim?
Filing a claim is more straightforward than it may sound at first. Once you know the policy details and insurer, youll need to fill out a claims form and submit it along with a certified copy of the policyholders death certificate. In many cases, youll receive a payout within a few weeks to a month.
How do I claim life insurance after death?
In order to process a death claim, most companies require a properly completed claim form, a certified copy of the insureds death certificate and the policy contract. If the policy has been lost, the company will typically require the beneficiary to complete a lost policy certification.
How do beneficiaries receive their life insurance money?
Depending on the insurer, a life insurance payout can typically be distributed in three ways: in the form of a lump sum, via a life insurance annuity, or through a retained asset account. Check with the insurer to see which life insurance payout options they offer.
How to cash out life insurance when someone dies?
While every companys process varies somewhat, youll basically have to fill out a claims form called a Request for Benefits and provide a copy of the death certificate. If you are in touch with the insureds insurance agent, they can help you through the claims process.
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For your protection, Kentucky law requires the following to appear on this claim form: Any person who knowingly and with intent to defraud any insurance company
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