How Do You Collect Life Insurance As A Lump Sum?
When someone dies and leaves life insurance behind with you as the beneficiary, you can claim the life-insurance payout as a lump sum. You will have to deal with the insurance company directly-and in some cases, you may require an attorney, but in most cases, you can do this yourself. Get a copy of the death certificate of the insured person. Find the insurance policy papers. Call the insurance company to let a representative know that the insured person has passed away. Send a copy of the death certificate to the insurance company. Ask the insurance company about about the policies and procedures for claiming the insurance. Answer any questions and follow the company’s protocols to receive the lump-sum payment.
