Claiming Life Insurance
Dealing with a death is never easy and the last thing you want is a mountain of complex paperwork as you try to determine how to claim life insurance. Here at Compare Cover, we want to make things as simple as possible for you, so we've created this guide to give you an insight into the claims process and how to claim life insurance should the worst happen.
Insurance providers are aware of how difficult paperwork can be at this time, so they will try to keep the process as simple as possible.
When and How Can You Claim Life Insurance?
If you're the immediate next of kin of someone who dies or are named as the beneficiary on someone's life insurance policy and they die within the term of the policy, you will be able to make a claim on life insurance policies held by the deceased.
In some cases the insurer may also have made some specific exclusions to the policy when the policy was taken out, so it's important to carefully read its key features and policy documents when determining how to claim on your life insurance. For example, they may not cover critical illness claims for a condition which existed before the policy was taken out.
In the case of Critical Illness Cover you will need to be diagnosed with a critical illness that is covered by your policy in order to claim. In some cases, the illness may have to reach a certain level of severity (which will be outlined in your policy) before you can claim. For example, the early stages of some forms of cancer may not be covered.
First step – let the provider know you're going to claim
If you need to claim on a life insurance policy, the first thing you should do is contact the insurance provider to let them know. The policy's details or the provider's website will have information about how to get in touch in these circumstances.
They will usually want to know the policy number, the name of the person who held the policy, who you are and your relationship to them or in the case of critical illness cover, the illness you've been diagnosed with will need to be disclosed too.
You will then usually be sent a claim form to fill out, which will tell you which documents are required by the insurer.