Life Insurance

[Chiang Mai Tiger]

I gather nobody reading this has died (although some posters keep returning from the dead), anyway I was wondering if anyone could help fill me in on what life insurance companies do and want when someone has kicked the bucket and a claim is made.

This year I want to get my house in order and try and give my wife (policy holder) some advance info on whether these corporate suits are going to give her a hard time or its a pretty straight forward process getting her payout.

I've got a whole of life policy (26 years old) and was honest and factual in filling it out so there is nothing fraudulent to look for.

Any info or personal accounts would be appreciated.

 

[TigerForce]

I gather nobody reading this has died (although some posters keep returning from the dead), anyway I was wondering if anyone could help fill me in on what life insurance companies do and want when someone has kicked the bucket and a claim is made.

This year I want to get my house in order and try and give my wife (policy holder) some advance info on whether these corporate suits are going to give her a hard time or its a pretty straight forward process getting her payout.

I've got a whole of life policy (26 years old) and was honest and factual in filling it out so there is nothing fraudulent to look for.

Any info or personal accounts would be appreciated.

It's being a long time since I worked in insurance but it's a different story to other types (home, car, general etc..) when it comes to claims.

There usually isn't much 'red tape' to it and as long as you're up to date in paying your premiums, it should be all easy for the beneficiary to get the money.

I worried when my sister took out a $2m insurance cover on her (Scouser) husband.....$2m?? :hihi

 

[Rosy]

Apologies CM. Just noticed this thread had been accidentally locked.