About how long should it take to receive life insurance money?

Question

My husband's mother passed away in April. Both he and his brothers received paperwork in the mail from her life insurance company about 3 weeks ago, which he filled out and mailed back the very same day. About how long should it take for him to get the check from the insurance company? We are thinking that it should be here any day now.

Answer 1

If the policy has been in existence for at least two years it should be any day now.  If it's less than two years they could send an inestigator out to interview the agent, family, etc...  I saw that after a guy bought a $1,000,000 policy and dropped dead just a couple months later.  Naturally the insurance company was suspicious, but it was legit and they paid.

But, if it's more than two years they generally don't investigate so it would be "any day now."

If you haven't called to confirm receipt of the claim forms do that and ask when everything will be done.  The insurance company will certainly no better than anybody here, but hopefully that helps.

Jeff

Answer 2

Answer from an Insurance Agent

It really depends on the insurer and how quickly you notify the insurer and provide them with a certified death certificate. Whether the cause of death is in question or for some reason a cause that is not covered on the policy such as suicide.

Unless there is some investigation of the circumstances of the death, you should be able to receive it fairly quickly

I've seen benefit checks issued in as little as 48 to 72 hours from the receipt of a certified Death Certificate by some companies and as long as 2 months from others.

Just contact the Insurer and they will be able to tell you how quickly they can issue a check. If your husband did not send a certified copy of the death certificate then this will delay the pay out while the Insurer obtains one.

Answer 3

It usually takes 2-3 weeks, after all the paperwork is received by the life insurance company.

Answer 4

30 to 45 days unless the cause of death is under investigation. Then you can expect payment after the company has ruled death from natural causes

Answer 5

If the policy was in good standing for more than two years, and was in force at the time of death, you can expect 30 to 45 days (from the time you mail your paperwork) average to recieve a settlement.