When Can You Claim Your Life Insurance?

Life insurance is a cover that everyone needs to take care of their loved ones after they are gone. It sure cannot provide emotional satisfaction, but it comes in handy on keeping them economically stable after the loss. You can take it for yourself or elderly parents. Besides, no one is too young or too old to take a life insurance claim.

That said, when should you claim on life insurance? We at Ganley Family Insurance LLP offers some important hints for those living in Brecksville, OH.

After death

Life insurance benefits are paid after a person dies. Therefore, the claim can only after the person is declared dead, clinically of course. It is, therefore, necessary to have a copy of the death certificate as well as the insurance policy document. Burial insurance covers should be claimed before the burial or soon after.

Unique policy requirement

Some types of insurance policies such as group covers have different claim time frames. The benefits can be available for the first person who dies or when the last person dies. Such details are worth looking into when considering to file a claim on a policy that covered more than one individual, say, spouses.

As soon as possibly possible

Due to some reasons, it might be impossible to file a claim on life insurance. They include divorce, sibling rivalry, loss of the policy document or not knowing that the person had taken a life insurance cover. Fortunately, those who stay in Brecksville, OH can make the claim decades after the death of the insured. Most states also allow unlimited time on when to file the claim.

It is important to safeguard the future of your loved ones by taking life insurance. Contact Ganley Family Insurance for information. We are experienced in family insurance coverage and are willing to help with your questions.