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  2. The payout from a life insurance policy is called a death benefit and it is distributed to the beneficiary of the policyholder. Permanent or whole life insurance pays out in full when the policyholder passes away, while term life insurance pays out if death occurs during the policy’s specified term.
    www.bankrate.com/insurance/life-insurance/how-lif…
    Life insurance benefits are typically paid when the insured party dies. Beneficiaries file a death claim with the insurance company by submitting a certified copy of the death certificate. Many states allow insurers 30 days to review the claim, after which they can pay it out, deny it, or ask for additional information.
    www.investopedia.com/articles/personal-finance/12…
    After the insurer’s death, beneficiaries can claim a death benefit payout as soon as possible as long as they submit death claims and a certified copy of the death certificate. Depending on the state, insurers can take up to 30 or 60 days to review the claim. After review, they can pay or deny the claim, or ask for further information.
    www.topquotelifeinsurance.com/life-insurance-buy…
    • Life insurance companies usually pay out within 60 days of receiving a death claim filing.
    • Beneficiaries must file a death claim and verify their identity before receiving payment.
    • The benefit could be delayed or denied due to policy lapses, fraud, or certain causes of death.
    www.policygenius.com/life-insurance/how-quickly-d…
    Life insurers typically take 14 to 60 days to pay out the death benefit after the beneficiary files the claim. 2 This is because they must verify the policy terms and policyholder’s death certificate and confirm who the beneficiaries are.
    www.aflac.com/resources/life-insurance/how-long-…
     
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