Insurance Payouts - Confirming The Death Of The Insured

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Life insurance companies do not make policy payments until they confirm the death of the policyholder. If you are a beneficiary, you need to apply for the death benefits and this will involve providing proof that the insured is dead. The insurer needs to receive a copy of the death certificate and you will also need to fill out and submit a claim before the money is paid out.

1. Obtaining the death certificate

Any time a person dies, the government provides a death certificate. This is a document that provides details like the date and location of the death and it also includes the official cause of the death. The document is issued to determine how the death occurred and to rule out any foul play. Burial arrangements cannot go on until the exact cause of death is determined and if there is any suspicion the plans have to be put on hold.

2. Determining cause of death

Before an official certificate is issued, the local coroner or a doctor will have to confirm the identity of the deceased and the cause of death. The documentation is promptly forwarded to the government and failure to do so can be considered an offense or crime. A doctor who fails to submit the relevant documentation can lose his or her license to practice. The funeral director needs to receive copies of the certificate before providing services. You send a copy to the insurance company to facilitate the claim.

3. Life insurance claim form

Before the insurance company pays the claim, you have to submit the insurance claim form alongside a copy of the death certificate. As the beneficiary, you fill out the form clearly stating the deceased's full name and address. The insurer will need to get the face value of the policy and the policy number. The claim form can also ask for additional details like copies of the deceased's driver's license and social security card. It is also necessary to submit the original policy alongside the filled out form and a certified copy of the death certificate.

In many cases of premature death, the insurer seeks additional information, such as details that led to the untimely death. Information like if the deceased consulted a doctor for the condition that led to the death might be necessary. The company seeks the information to find out if the deceased provided accurate medical information when applying for the coverage. In most cases, payouts for insurance for elderly are completed much faster.

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