How to Actually Claim a Life Insurance Death Benefit

Before we get to the tips in today’s guide, a few words must be said. If you’re reading this with the hopes of finding out just how to claim a life insurance death benefit, then you definitely have our condolences. It’s a very hard time in your life right now, and you shouldn’t feel like you are in a rush to make too many decisions right now. Give yourself a chance to catch up, and everything else will run a lot smoother than if you try to rush when you’re really not ready to pursue any options at the moment.

The first thing that you must know is that it’s really not that difficult to claim a life insurance policy. You just need to make sure that you are actually moving forward instead of feeling like there’s just now way that you could ever honestly get the money that’s been set aside for you. Now, some people will tell you to take the policy and roll it over into some sort of retirement fund, but this is not a good idea at all. Keep in mind that when someone passes suddenly, there are a lot of expenses that the estate must pay. Debts don’t just get erased when someone dies — in order for anyone to inherit anything, the bills have to be paid.

When you’re ready to collect a life insurance death benefit, there are just a few things that you will need. Having a copy of the actual life insurance policy is a good thing, even though insurance agents can indeed look up your information and help you out. Don’t be afraid to be firm when you’re dealing with the insurance company. You might get the runaround, but it’s merely representatives trying to make sure that you have all of the right documentation.

If you are the executor or the executrix of the estate, you will need to make sure that you get a death certificate for the person that passed. In fact, you will need to make sure that you have at least a few original copies, because some companies will not accept photocopies. You don’t want to end up just jumping into trying to collect money without even showing proof that the person has actually passed on! This can be problematic when it’s really time to get the money that you deserve, but again it really doesn’t have to be this way at all.

The key to getting everything to slide smoothly is to take your time reading over the life insurance policy. Knowing who to call and who to talk to will really help you make the best decisions when it’s really time to get the money that you are owed.

Be prepared to also show proof of identity, residence, and relationship to the deceased. These items will also come in handy.

Overall, if you’re really ready to collect the money that you’re due, it’s important to keep these steps in mind as you get ready to begin the process. As always, we’re here to help!