Life Insurance and Wrongful Death Claims

Life Insurance and Wrongful Death Claims

September Is Life Insurance Awareness Month

This year marks the 12th anniversary of Life Insurance Awareness Month (LIAM), an effort to raise awareness about the need for life insurance. During September, a month-long, industry-wide campaign is run to raise awareness of and provide information about this financial product. Less than half of American households have individual life insurance policies. Now more than ever, it is vital that consumers protect their financial security.

Life Happens created Life Insurance Awareness Month in response to growing concern about the large number of Americans who lack adequate life insurance protection. Held each September, Life Insurance Awareness Month is an industry-wide effort involving hundreds of leading companies and thousands of insurance professionals.

Life insurance policies are long and wordy, and many people don’t know where to begin in making these financial decisions.

Four Steps to Obtain Life Insurance Benefits

When a loved one dies, the thought of filing a claim for life insurance may seem like a daunting task. Fortunately, it’s a relatively simple process and there are qualified people who can help you if you need it.

  1. Find the insurance policy or proof of its existence, including any records that provide the name of the life insurance company or agent. Look for proof of a life insurance policy by reviewing: receipts for payment, correspondence from an insurance company, insurance company statements, and the like.
  2. Call the insurance company or insurance agent. Contact the agent who sold the policy or the company itself and notify them of the death.
  3. Fill out claim forms in order to start the process by which you will receive life insurance proceeds.
  4. Send in your claim forms to the insurance company with a copy of the death certificate and/or any other required documents.

Life Insurance and Wrongful Death

A wrongful death claim is a civil claim where you allege that the defendant is liable for the death. A wrongful death claim is brought to recover damages for the surviving heirs.  A survival claim can also be included to cover the pain and suffering of the decedent as well as medical-related costs incurred prior to the death.

Life insurance and wrongful death claims can be a confusing combination. If your life insurance claim involves a wrongful death case, you should talk to your personal injury lawyer about how the policy may or may not affect your legal outcome. Some life insurance provides for additional benefits if your loved one’s death was due to an accident. You would be wise to have an attorney review your life insurance contracts for this type of “accidental death” provision.

If you are not receiving all of the life insurance benefits that you are entitled to, an attorney can help you. If this is a concern for you, you should speak with a lawyer before accepting any benefits.