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Page 1: How to Collect Life Insurance

How to Collect Life Insurance

Page 2: How to Collect Life Insurance

As a beneficiary on a life insurance policy, collecting on the insured can be a bittersweet task.

You are being given a sum of money, but you might still be in the grieving process at the time that you meet with the insurance

company to discuss the claim.

Page 3: How to Collect Life Insurance

To make it as easy as possible, make sure that you have as much information on your loved one available to give to the agent.

This will help speed up the process and make it go smoother for everyone involved.

Page 4: How to Collect Life Insurance

Contact the insurance agent with the correct information. Bring along the following information on the deceased:

www.dfsinnewwest.ca

Page 5: How to Collect Life Insurance

The insured’s policy number or numbers.

The insured’s state of residence.

The insured's date of birth.

The insured’s full name.

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The insured’s date of death.

The insured’s cause of death.

The insured’s place of death.

The insured’s beneficiary contact information.

Page 7: How to Collect Life Insurance
Page 8: How to Collect Life Insurance

Locate vital information on possibly lost insurance policies. Sometimes, the paperwork on life insurance policies can be

lost or misplaced by the deceased.

This doesn't mean that the policy is no longer in place, though. If you think that the deceased had a policy that

needs to be collected on.

Page 9: How to Collect Life Insurance
Page 10: How to Collect Life Insurance

Search for information on the policy. Canceled checks or bank receipts with the name of the insurance company would give you a direct link to the name of the insurance company handling the policy.

Call insurance companies directly to find out if they carried a policy for your loved one.

www.dfsinnewwest.ca

Page 11: How to Collect Life Insurance

Keep an eye on the mail. Insurance companies will send warnings if payments have lapsed.

Payments can be made on a variety of methods such as monthly, twice a year or annually, so it is important to continue this process for 1 year if you suspect there is a policy that has been unclaimed.

Look for income tax returns. You are checking to see if there are any interest payments coming from an insurance company.

Page 12: How to Collect Life Insurance
Page 13: How to Collect Life Insurance

Keep an eye on the mail. Insurance companies will send warnings if payments have lapsed.

Payments can be made on a variety of methods such as monthly, twice a year or annually, so it is important to continue this process for 1 year if you suspect there is a policy that has been unclaimed.

Look for income tax returns. You are checking to see if there are any interest payments coming from an insurance company.

Page 14: How to Collect Life Insurance

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