Home FAQs If there is a delay in an insurer paying the death benefits after a claim is made, Is the beneficiary entitled to any interest on the death benefit?
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If there is a delay in an insurer paying the death benefits after a claim is made, Is the beneficiary entitled to any interest on the death benefit? PDF Print E-mail
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Yes. The insurance company is entitled to take a reasonable amount of time to finish any necessary investigation and processing, but it should pay interest to compensate the beneficiary for the delay. Unless the case has some unusual complications, a death claim should be paid within a few weeks. Some companies will authorize their local office to write an advance check for a portion of the total claim amount if the beneficiary needs money in the interim.