{"id":6482,"date":"2022-09-16T08:08:11","date_gmt":"2022-09-16T13:08:11","guid":{"rendered":"https:\/\/lions.financial\/?p=6482"},"modified":"2024-03-12T09:30:20","modified_gmt":"2024-03-12T14:30:20","slug":"process-for-a-business-to-file-a-life-insurance-claim-2","status":"publish","type":"post","link":"https:\/\/lions.financial\/hi\/process-for-a-business-to-file-a-life-insurance-claim-2\/","title":{"rendered":"Process For A Business To File A Life Insurance Claim"},"content":{"rendered":"<div data-elementor-type=\"wp-post\" data-elementor-id=\"6482\" class=\"elementor elementor-6482\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-355b72a9 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"355b72a9\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-576b9564\" data-id=\"576b9564\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2636c7c9 elementor-widget elementor-widget-text-editor\" data-id=\"2636c7c9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong>1. Contact the insurance agent or company<\/strong><\/p><ul><li><span style=\"font-weight: 400;\">You can either ask the agency directly or contact the insurance company<\/span><\/li><li><span style=\"font-weight: 400;\">They will provide details on how to file a life insurance claims<\/span><\/li><\/ul><p><strong>2. Get copies of the death certificate<\/strong><\/p><ul><li><span style=\"font-weight: 400;\">You can get certified copies of the death certificate from the funeral director<\/span><\/li><li><span style=\"font-weight: 400;\">Get at least 10 copies for turning off services and closing accounts<\/span><\/li><\/ul><p><strong>3. Fill out the paperwork and send it in<\/strong><\/p><ul><li><span style=\"font-weight: 400;\">You can find the required paperwork form on the insurance company\u2019s website or by contacting the agency<\/span><\/li><li><span style=\"font-weight: 400;\">You may be required to mail in the paperwork and a copy of the death certificate<\/span><\/li><\/ul><p><strong>4. Specify how you want to be paid<\/strong><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"2\"><strong>There are a few options to receive payment:<\/strong><\/li><\/ul><ol><li style=\"font-weight: 400;\" aria-level=\"3\"><span style=\"font-weight: 400;\">Lump-sum: you receive the money all at once<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"3\"><span style=\"font-weight: 400;\">Specific income provision: receive the principle on a set schedule over a period of time, you will also receive interests on the amount, but will also have to pay tax on interests<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"3\"><span style=\"font-weight: 400;\">Life income option: you receive a guaranteed income for life<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"3\"><span style=\"font-weight: 400;\">Interest income option: you only receive the interests on the principal, and the life insurance policy remains active and goes to a secondary beneficiary upon your death<\/span><\/li><\/ol><ul><li><strong>Make sure you discuss your preference for payment with the insurance company<\/strong><\/li><\/ul><p><strong>\u00a0 \u00a0 \u00a0 \u00a0 5. Wait for the money to be delivered<\/strong><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">This can take from one or two weeks up to 30 days, depending on the company<\/span><\/li><\/ul><h2 style=\"font-size: 25px;\"><b>Why you got denied:<\/b><\/h2><div><b>\u00a0<\/b><\/div><ol><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The person stopped paying the premium<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The person lied on the application<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The cause of death fell outside the scope of the insurance coverage.<\/span><\/li><\/ol>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4e582be elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4e582be\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-7798278\" data-id=\"7798278\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-443129f elementor-widget elementor-widget-text-editor\" data-id=\"443129f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h2 style=\"font-size: 25px;\"><b>What to do if your life insurance claim got denied?<\/b><\/h2><div><b>\u00a0<\/b><\/div><ol><li aria-level=\"1\">Contact your life insurance company or agency for specific reasons for the denial and address the issues if they\u2019re incorrect<\/li><li aria-level=\"1\">Need to contact your state\u2019s department of insurance to get the process moving quickly<\/li><li aria-level=\"1\">Contact a lawyer if you have a valid claim and the insurance company still refuses to pay<\/li><\/ol><p>Given the process described, filing a Life Insurance claim on behalf of the business could be as simple with the support of an advisor<\/p><p><span style=\"font-weight: 400;\">Do you have any further questions?<\/span><\/p><p><span style=\"font-weight: 400;\">Obtain assistance whenever necessary. Schedule a meeting with one of our advisors <\/span><a href=\"https:\/\/lions.financial\/hi\/contact\/\"><span style=\"font-weight: 400;\">https:\/\/lions.financial\/contact<\/span><\/a><\/p><p><span style=\"font-weight: 400;\">To learn more, visit:<\/span><\/p><p><a href=\"https:\/\/lions.financial\/hi\/sba-loan-life-insurance\/\"><b>Life Insurance Requirements for SBA Loans<\/b><\/a> <span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-0e2c68c\" data-id=\"0e2c68c\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ef3fc4a elementor-widget elementor-widget-image\" data-id=\"ef3fc4a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"576\" height=\"1024\" src=\"https:\/\/lions.financial\/wp-content\/uploads\/2022\/09\/Life-Insurance-Claim-576x1024.jpg\" class=\"attachment-large size-large wp-image-6484\" alt=\"Life Insurance Claim\" srcset=\"https:\/\/lions.financial\/wp-content\/uploads\/2022\/09\/Life-Insurance-Claim-576x1024.jpg 576w, https:\/\/lions.financial\/wp-content\/uploads\/2022\/09\/Life-Insurance-Claim-169x300.jpg 169w, https:\/\/lions.financial\/wp-content\/uploads\/2022\/09\/Life-Insurance-Claim-768x1365.jpg 768w, https:\/\/lions.financial\/wp-content\/uploads\/2022\/09\/Life-Insurance-Claim-864x1536.jpg 864w, https:\/\/lions.financial\/wp-content\/uploads\/2022\/09\/Life-Insurance-Claim-7x12.jpg 7w, https:\/\/lions.financial\/wp-content\/uploads\/2022\/09\/Life-Insurance-Claim.jpg 1080w\" sizes=\"(max-width: 576px) 100vw, 576px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"<p>1. Contact the insurance agent or company You can either ask the agency directly or contact the insurance company They will provide details on how [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":11292,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","site-sidebar-layout":"default","site-content-layout":"default","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"default","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center 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