It is a contract. Person dies, claim is paid according to policy.
It depends on the situation, the beneficiary set up, if he's dead or not, and what kind of life insurance you had. If he died and left the money to someone else, you don't have a claim on it at all.
No, they will pay the claim to you and then you will be able to do what is fiscally responsible.
There are many insurance companies that claim to have inexpensive rates on life insurance. Just a few are the following: Progressive Insurance, Amica Insurance, Geico Insurance, State Farm Insurance, and Farmers Insurance.
To file a life insurance claim, a call can be made to the insurance agent of the policy who can help fill out any necessary forms. Certified copies of the death certificate should be submitted with the life insurance policy.
is fire insurance or medi claim (health ins) or motor insurance or life insurance which of them is a contract of indemnity
If your Insurance Co. is well equipped with the system, you can submit claim on line. Even in the negative, the intimation of claim can always be filed to the Insurance Company on line.
If there are more than one claimant in a life insurance policy, all of them are to make claim for the pay out.
I need to report my father's death and collect on his life insurance policy.
You can visit Insurance site FAQ for this claim process because all insurance company have tis own rules and regulation so its very difficult to tell which process you have to follow.
Call the insurance company and ask that they mail, fax or email a claim form to you. You can then make a life insurance claim as soon as you are able to obtain a certified copy of the death certificate which is required to make a claim. The insurance company will then issue a check made payable to the named beneficiaries or to the estate if there are no named beneficiaries.
Generally the claim has to be lodged on the branch of the life insurer which issued the policy bond, be it maturity or death claim as the case may be.
The beneficiary may usually be paid within 10-21 days after the insurance company has determined there is no fraud and the insurance payment is due as per the terms and conditions of the life insurance policy, and all necessary paperwork is in to them. The life insurance company usually requires the death certificate when making your claim. Make sure to review the "How to Make a Claim" section of the life insurance policy and contact the insurance company regarding what is necessary and who to send all pertinent information to in order to make your claim. If the claim is not paid in a timely manner, contact the insurance company and your insurance agent to follow-up. Also, you may want to contact the Department of Insurance in your state if you do not receive the Life Insurance Proceeds.
how can you claimed formula and calculation in your life
Call the company and place a claim with the claims department...or are they not still in business?
A legitimate death certificate is what is needed to file a claim of life insurance.
What kind of insurance? Life? Yes, you can simply stop paying. If it is a cash value policy you can surrender it.
Whenever a claim arises be it in life or general insurance sector, it has to be substantiated by eye witness or material evidence to the satisfaction of the insurance company.
The beneficiary of a life insurance policy is not responsible for paying for the deceased's funeral cost using the money from the proceeds of the life insurance policy. The estate of the deceased is responsible for paying for the funeral cost from the proceeds of the estate.
National Life has been bought out by AIG, so you would have to contact them: aig.com/gateway/home.
No. Life insurance is paid the the beneficiary named in the policy, your creditors have no claim against the insurance proceeds EXCEPT if the proceeds are paid to your estate.