Life Insurance Claim Process & Requirements in California

California has more life insurance policyholder security regulations than any other state in the USA. These regulations specify what insurers are required to do, as well as what they are permitted to do. In this post, we are going to provide you with an in-depth look at the life insurance Santa Ana claim process in California.

Once you submit death certificates, you can file a life insurance claim on behalf of the deceased, and the insurance company will guide you through all of the procedures to execute the insurance payout.

People often delay claiming a life insurance policy’s death benefit for a variety of reasons. In most cases, a lot of people are unaware that they are the beneficiaries of the insurance policy of their deceased family member. Now the million-dollar question is should the beneficiary be concerned about losing the payout if months or years have passed after the policyholder’s death?

Fortunately, the answer to this question is ‘No’. When it applies to claiming a life insurance premium, there is no set time limit. Nevertheless, if you want to receive a prompt payout, you must file sooner rather than later.

Tips to File a Claim Process in California 

• If you believe you are the beneficiary of a life insurance policy, you can contact the insurance provider as soon as possible after the policyholder passes away.

• You may either call the life insurance company or initiate the process of submitting a life insurance claim online by visiting the company’s website.

• The insured person’s name and date of birth would certainly be required by the insurer. Also, a print of the policyholder’s death certificate, Social Security Number, including their life insurance policy number will significantly accelerate the claim.

• Since certain life insurance policies have multiple beneficiaries, each beneficiary must submit a claim form to obtain a payout.

Claim Process for Contingent Beneficiaries 

Contingent Beneficiaries are those individuals who are entitled to the death benefit of a life insurance policyholder if the primary beneficiary/beneficiaries pass away or become incapacitated or unable to claim the payout. Thus, if you are a contingent beneficiary, make sure you submit a copy of the primary beneficiary’s death.

Time Required for Processing a Claim for Life Insurance Santa Ana

Generally, the insurer sends you the death benefit within seven days to two months. Nevertheless, the payment may get postponed for several reasons, including the submission of incorrect forms.

Moreover, if the policyholder’s cause of death is murder, the insurance agency might take even longer to evaluate the claim because it must rule out the probability that the individual in line to claim the payout was involved in the crime.

Can an Insurance Agency Deny a Benefit? 

At times an insurance company may also withhold the claim completely in some cases. The policyholder’s death usually falls under the contestability timeframe if it occurs within two years of the policy’s inception. That implies the agency has the legal right to examine the deceased’s medical records to ensure that all relevant health issues were reported at the time the policy was created. Moreover, if the policyholder commits suicide during the same time, the insurance agency is authorized to deny a benefit to the beneficiary/beneficiaries.