Life insurance claims should be fairly straightforward. When a loved one dies, it should be a simple matter to report that person’s passing to the life insurance company and begin the claims process. However, the process can be a bit more complicated due to life insurance scams and fraud.
False death claims are frequent scams in the life insurance industry. Claims made very soon after an insured party increases life insurance coverage will often alert an insurance company of potential fraud. Insurance companies also compare claims to others like them to look for potentially falsified or wrongful claims.
Life insurance companies require full and adequate documentation of your claim to make sure it is legitimate. Being truthful, keeping adequate records and providing all requested documents can help to ensure that your claim is not considered fraudulent, and you can obtain your benefits.
If you need help sorting out the facts regarding life insurance claims, and how to ensure that your family does not experience financial hardship in the event that something happens to you, find an agent in the Trusted Choice network today. One of these agents, in your area, can help you learn everything you need to know to make the best decision regarding your life insurance.