How Do The Proceeds Get Paid?
Once OSGLI receives proof that an insured member has died, it will pay the proper beneficiary the amount for which the member was insured. If you did not designate a beneficiary, the proceeds will be paid in the order of precedence as provided by law. OSGLI will pay the proceeds to the beneficiary either in one lump sum or in 36 installments, according to the option you specified.
