A permanent life insurance policy (like whole life) remains active until the insured's death, at which point the claim must be filed by beneficiaries. For a term life insurance policy, coverage remains valid only as long as the policyholder dies within the active term window (e.g., within 20 or 30 years). Once someone passes away, beneficiaries typically have a statute of limitations window—often ranging from one to several years depending on state laws—to file a formal death claim.
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