Getting a life insurance policy to pay out is generally straightforward and rarely difficult if the application disclosures were truthful and the claim is filed correctly. When a policyholder passes away, beneficiaries submit the death certificate and claim forms. Payouts typically occur within 14 to 60 days. The only major hurdles occur if the death happens during the initial two-year contestability period and material misrepresentations or fraud are discovered on the original medical application.
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