Your step-by-step guide to filing a life insurance claim?

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Your step-by-step guide to filing a life
insurance claim?

• Death is one of the most painful experiences that
  anyone may encounter in his life. The positive
  findings are that there are also costs associated
  that involve the burden of finance. That burden
  can be eased a little by life insurance because
  it pays an amount to those mentioned in the
  policy. Nevertheless, filing a life insurance
  claim can appear complicated at this time. The
  following is a guide to the processes that should
  be followed while filing a life insurance claim.
• Contact the Insurance Company
• The first is to inform the death of the
  policyholder to the insurance company either
  orally or in written notice. This can most of the
  time be done either through a call, through the
  World Wide Web or via a post. You should be ready
  to disclose the name of the policy holder, the
  roll number and your contacts. The insurance
  company will then give you detailed instructions
  and will also provide you with the forms to fill.
• Gather Required required documents.
• Claim Form It is usually the responsibility of
  the insurance company to issue out the claim
  form, which must be filled out.
• Original Policy Document Herein, the following
  information on the said life insurance policy has
  been provided.
• Death Certificate The death of the policyholder
  has to be substantiated with an official death
• certificate proved of from a relevant authority.

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• Proof of Identity This could be a drivers
  license, passport or any other official
  government identificational card.
• Proof of Address In this case, this could be a
  utility bill, bank statement or a lease
• agreement.
• Additional Documents Depending on the
  circumstances of death, you may also have to
  produce a police report for the death whether it
  was an accident, medical records that prove the
  death was due to sickness or a discharge note
  from the hospital.
• The Claim and Documents must be submitted.
• After obtaining all the required documents,
  complete all the admitting and submit them as
  required by the insurance company. It is
  advisable to make copies of all the documents
  that you present to keep in your records.
• Claim Processing and Verification
• Following the claim and production of your
  documents, the insurance company will go through
  them. This may include requesting information
  from you or contacting for further clarification.
  The estimated time to process the claim can be
  influenced by the nature of the case of the
  client.
• Claim Settlement
• After the insurance company has agreed to your
  claim, reimbursement will be made based on the
  policy. It can be paid all at once, or in equal
  portions over time until a full amount has been
  reached.