How do I file a life insurance claim?
To begin the claims process:

-- Get several copies of the death certificate.

-- Call your insurance agent. He or she can help you fill out the
    necessary forms and act as an intermediary with the insurance
    company. (Don’t keep life insurance policies in your safe deposit
    box. In most states, safe deposit boxes are sealed temporarily
    upon the death of the owner, which can delay the settlement. ) If
    you don’t have an insurance agent, or don’t know who the
    deceased's agent was, contact the company directly.

-- Submit a certified copy of the death certificate from the funeral
   director with the policy claim. Once the claim is submitted, a
   settlement should be issued to you shortly. Once a life insurance
   claim is submitted, you must determine how the proceeds will be
   distributed. These are some of the options available:


     --  Lump sum -- You receive the entire death benefit in a single
          amount.

     --  Specific income provision -- The company pays you both
          principal and interest on a predetermined schedule.

     --  Life income option -- You receive a guaranteed income for life.
          The amount of income depends on the death benefit, your
          gender and your age at the time of the insured's death.

     --  Interest income option -- The company holds the proceeds
          and pays you interest on them. The death benefit remains
          intact and goes to a secondary beneficiary upon your death.








 

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