Insurance Policies

Insurance policies are sometimes utilized to help pay for either the funeral services or cemetery arrangements. Sometimes however policies (insurance) are canceled long before they are used for failure to pay. An insurance company only gives a thirty day grace period before the insurance policy is canceled. After that time period, if the premium is not paid it is permanently canceled. Other times the family has taken a loan out on the policy and therefore the insurance policy, it might not be assignable.

In other instances the policy is not allowed to be assignable, the insurance carrier will only pay the listed beneficiary. That means that the insurance company will only pay the beneficiary/ies. Additionally if minor children are involved that will sometimes cause the policy not to be used. The rights of minor children can not be signed away.

Still saying all of this Insurance Carriers usually take thirty to sixty days before they have to payout the proceeds of a policy, and then only if all documentation has been completed. The carrier will not begin to open a claim without a certified copy of a death certificate; it usually takes several days to a week to get one of these from the mortuary. Not knowing what to do at the time of death is nerve racking.

How are we able to serve you, for more information call (310) 316-1373.