Sentences with phrase «valid life insurance claim»

American General has never failed to pay a valid life insurance claim in its history.

The death benefit is the amount of money that is paid out when a valid life insurance claim is filed.

Not exact matches

Whole life insurance death benefits do not expire for the beneficiaries who complete and submit evidence of a valid claim.

These practices are valid reasons for bad faith claims to be filed for essentially any type of insurance, with health, life, auto, and property being the most common.

Please remember that Life Insurance is not a savings or investment product and has no cash value unless a valid claim is made.

As a final note, at the end of the first two policy years, life insurance policies are considered «incontestable» and death claims are generally paid within two weeks of proof of death and a valid death claim form.

When two people make a claim on the same life insurance policy, the company will file an interpleader action in order to determine who has the valid claim.

As discussed in the previous post, all life insurance companies payout all valid claims.

In addition to J.D. Power, even Consumer Reports does not recommend one particular life insurance company over another because they all pay out valid claims.

After a life insurance premium is missed, a policy will move into grace period status, where while technically delinquent, the insurance company is still responsible for paying a death benefit if a valid claim is filed for a death of the insured during this time.

In exchange for making premium payments over a period of (x) amount of years (x being the length of the term), the life insurance company provides financial protection on the life of an insured person and is legally bound to pay any valid claim upon death of the insured person.

Normally the death benefit is only paid upon receiving a valid death claim from the beneficiaries of a life insurance contract.

When all conditions are met for a valid claim, a life insurance company must make a timely payout of the full amount to the beneficiaries as required by law.

Traditional life insurance policies companies go the extra mile to cover every valid claim filed due to the fact it's bad business to become know as a company that doesn't pay.

Traditional life insurance companies go the extra mile to pay every valid claim filed simply because it's bad business to be know as a company that doesn't pay.

I've been careful about life insurance claim abuse cases I'll help with only because, in most cases, the state insurance commissions are very good at putting things back on track and getting valid claims paid.