An insurer is required to repeatedly make attempts to settle / give away the claims and it is mandatory to keep aside / safe the proceedings at any given time… And the insurer can't use that money for anything else.
Question was in error, ignore!
The life insurance company holds the money without contributing interest. There is no time limit on the time you can file a death claim.
The company or agent can provide with a claim package, and the benefit will be paid to the estate unless there is a contingent beneficiary specified in the life policy.
One can file a claim with Affirmative Insurance by going on the official Affirmative Insurance website. Then one can press the button 'Submit A Claim' to file a claim.
The beneficiary position is that they will receive the proceeds of the life insurance policy after the death of the insured. Until the death they have no other "position". After the death they must file a claim by contacting the company and following their instructions.
You have 10 days to file a claim with your insurance company.
Yes, you do not need a police report to file a insurance claim.
File a claim with both companies. The companies will pat what they are supposed to pay.
who collects the life insurance in a marriage when one spouse dies and theres no beneficiary on file
You have to file a creditor's claim against the estate of the father.
That's not very likely. The insurance company does not file your claim, they accept your claim notice from you. You have to file your claim with the company, not the other way around.
Yes, if the owner of the policy does not file a change of beneficiary the insurance will have to pay the proceeds to the person who is named on the policy.