Losing a loved one in an accident is never easy. It becomes problematic when one has to fall into financial difficulties due to the loss. However, if the deceased had a life insurance policy, it becomes easy for the beneficiaries to move on with life. They can file a life insurance claim and get the policyholder premiums. The bad news is that it may become tough when a beneficiary doesn’t know what is needed or what to do when claiming for a life insurance policy in case of death resulting from a car accident.
Will Life Insurance Policy Be Used In Death Resulting From A Car Accident?
Though a life insurance policy secures the bereaved family's financial security after the policyholder dies, the type of policy holder's death matters when it comes to coverage. One of the most commonly asked question is whether one can get life insurance benefits if a policyholder dies due to a car accident. Each case is different, especially when legal matters are involved. Therefore, for any car accident, it would pay for one to consider looking for car accident attorney near me to get informed legal advice. For a policyholder to get paid for death resulting from a car accident, one must have an accidental death benefit, which is often considered a rider connected with the life insurance policy. In case of death resulting from a car accident, the accidental death benefits may be paid in addition to the standard benefit payable. Few benefits associated with accidental death benefits include:
- The beneficiaries can get these benefits extended up to a year after the incident occurs.
- The accidental death is a pure protection policy; the insured only pay for the protection.
It’s worth noting that accidental death benefits are optional. Again they are more involving when it comes to legal issues.
If your loved one has an accidental death benefit rider and was involved in a car accident, you may receive benefits. You can also choose to file a wrongful death claim if the death was a result of negligence. For a smooth process, you may consider looking for car accident attorney near me.
Getting Life Insurance Benefits
It’s vital to understand how life insurance companies define death on the given policy. The definition dramatically affects what will be recovered as benefits should the policyholder pass away. If you are a beneficiary and need to collect death benefits and it seems the insurance is delaying the proceeds, you may consider looking for life insurance lawyers. Before filing a claim, you may want to consider the below:
- Whether the policy was in force at the time of the death
- Who was included as the beneficiary.
- The amount to be paid by the life insurance company
If the above is clear, the beneficiary should contact the insurance company's local agent to notify them of the death and claim for the deceased's life insurance benefits. Looking for life insurance lawyers can help make the process smoother and prevent any delay in receiving the financial support needed. If you are not sure about anything in your life insurance policy, speak to your insurance agent. It’s good to note that if something is not in writing, then it doesn’t exist. Life insurance companies are known to deny such claims either due to the manner of death, policy lapse, among other reasons. The best thing you can do if your insurance claim has been denied is to consider working out your case with life insurance lawyers' help.
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