Sentences with phrase «large death benefit claim»

Varies greatly, but a month should be the tops, unless it's some large death benefit claim with bona fide suspicious circumstances.

Not exact matches

When the grieving family submitted its claim for death benefits under the kidnap and ransom insurance policy the businessman had purchased and paid premiums on for many years, the large, international insurance company denied the claim without so much as an investigation.

Basically several states have sued large insurance carriers and AIG, Prudential, Nationwide and several others have agreed to settle claims that they haven't done all they could to locate beneficiaries who haven't claimed life insurance death benefits.

Over the last month large insurance companies have settled with several states to pay out millions of dollars owed on life insurance death benefit claims.

Known as liquidity risk, this can threaten the company's ability to process, say, a large number of policy surrenders or death benefit claims.

So using one of my larger clients as an example, if he died and no one filed a claim, the company would not only keep the $ 78,000 a year in premium they had earned, but also the cash value of $ 1.2 million and never pay out a death benefit.

In most term insurance sales claims result about 1 % of the time thus policyholders end up with a fistful of receipts Most insureds should own some whole life insurance to make sure their is an income tax free death benefit paid at death It is my belief that most insureds should own at least $ 100,000 of Whole life in addition to a large amount of term to cancel out temporary insurance needs.