How to Collect on a Life Insurance Policy

When someone with life insurance dies and leaves you as the beneficiary, you can claim the insurance payout. You will have to deal with the insurance company directly. In some cases you may require an attorney, but in most cases you can do it yourself.

Difficulty: Moderate

Instructions

Things You'll Need:

• Copy of the life-insurance policy
• Death certificate of the insured

1. Get a copy of the death certificate of the insured person.

2. Find the insurance policy papers.

3. Call the insurance company and let a representative know that the insured person has passed away.

4. Send a copy of the death certificate to the insurance company.

5. Contact the insurance company to find out about the policies and procedures for claiming the insurance.

6. Answer any questions and follow the protocols to receive the lump-sum payment.

Tips & Warnings

• The insurance company will have to investigate the death before paying the claim.
• Most insurance policies have restrictions and limits. For example, some causes of death, such as suicide, may render the policy null and void.
• Answering the insurance company's questions promptly and truthfully will help speed up the process.