How long does it take to process a life insurance claim?

Question

my dad died from cancer and he had a life insurance claim of a hundred thousand dollars that i didnt know about till it came in the mail me, my step mom and my lil sister have filled the nessasrie papers in and everything with it about how long do u think it would take to process it the people at massey said 3 weeks does that sound about right or cud they be lieing?

Answer 1

About four weeks, unless the insurance policy is contestable.

Answer 2

First, I am sorry for your loss. The claims process for an uncomplicated claim is fairly quick with many companies. Policies that have been in force for less than 2 years or where is a question as to the cause or manner of death, or other complications, can take longer. Go ahead and call the inusrance agent/company to inform them of the claim so they can get started on the processing. Meanwhile, get together the death certificate, a copy of the obituary and anything else the insurance company tells you they need and provide it as soon as possible. I've seen $1 million death claims paid in under a week, though I'd say you're likely looking at under 30 days. Good luck!

Answer 3

Three weeks does sound a little long. They do need to verify everything (Death certificate, policy in good standing, Beneficiary status(es), policy limits, etc) but it should only take 1 to 2 weeks as long as you have all of the paperwork in that they need.

If you have already filed your paperwork, give them a call and verify that they have everything they need. Once they say they have everything, it should be pretty quick. If they have not sent a check within a week of that, give them a call again and try to get a manager. Ask what is taking so long (as nicely as you can, because it does help). Ask if there is anything you can do to help the speed things up.

Answer 4

it take more than two weeks