Filing for an Insurance Claim
after the death of a loved is not really easy. However, it is at this point in
life when you have to be practical. You need money more than anything to pay
off the funeral cost, bills and even the family needs. It is hard to be left
alone and face all these problems but you have to be thankful if the deceased
love one had prepared you for times like this. As a survivor, we sometimes
worry about things like these but a Life Insurance Plan is designed to give us
fewer worries and ensures the deceased family that we won't have to deal with
the financial problem as we grieved over the loss of a loved one.
Find the Life Insurance Policy
The Policy is an
important document granted to the Policy Holder. This is badly needed when
filing for an Insurance claim. Be sure to look for it if the deceased party had
failed to inform you where he had kept it. You may keep in mind that this is a
very important document, so the keeper might have kept it in a place not easily
seen or recognizable. You may look in a plastic container or any sealed
container large enough to contain it. It could also be kept in a small drawer
of a cabinet in your headboard or lamp stand cabinet.
If you can't find the
Insurance Policy but you are sure that the deceased is an Insurance Policy
Holder, you may write to the American Council of Life Insurance (ACLI).For a
small amount, the ACLI will conduct a search to find the Policy. The address is
101 Pennsylvania Avenue, NW, Washington, DC 20004-2500. Don't forget to include
a self-addressed, business-sized envelope.
Contact the Company's Number Listed in the Policy
Try to contact
immediately the contact number or numbers listed in the document. If you
personally know the authorized representative or agent, you may as well contact
him directly and tell him that you want to file a claim. The company's agent
will always be ready to assist you in your filing. He will be providing you
with forms needed for the application. Wait for any instruction that the
Insurance Company will provide you.
Fill-up the Necessary Forms and Submit Requirements
After receiving the
necessary form needed for application in filing for the Insurance claim, fill
it up with all the needed information. Provide also the other requirements
needed upon submission. The Death Certificate is the very basic of all
requirements you may need to provide together with your Application Form.
Decide How you want to Receive the Proceeds from the Life Policy. You may
choose to receive the proceeds in the lump sum, or opt to receive it in a form
of monthly pension or simply leave the money in deposit for it to earn interest
and dividends.
Wait for the Release of the Funds
Expect that your fund's
approval for the claim will take more than a month to process as the Insurance
Company still have to validate information relative to your application.
How to File Health for Medical Claims
If you have to pay for
your medical bills, then you have to file for your Health Insurance Claim. Here
are some helpful tips in making your claim:
Keep an Itemized Report
Be sure to obtain all
receipts and necessary statement of accounts issued by the doctor or
pharmacist. Summarize it, so it could be easily understood by the Insurance
Evaluator. Attach it to your Application Form.
Fill-Up Your Claim Application Form
Contact your Health
Insurance Company as soon as possible. You may get your Application Form
directly from them after declaring your desire to file for a Health Insurance
Claim. The Application Form is easy to fill-up but someone from the Insurance
Company is sure to assist you if there are some items in the Application Form
that you don't understand.
Scan or Duplicate a Copy
After filling up your
form and submitting to the Health Insurance Company, be sure to scan it or have
your duplicate copy to keep. This will keep you from inconvenience in case of
loss or error in filing. You can easily file it again when needed. Review
Before Submission. File your claim as soon as possible. Ask for assistance or
inquire for any additional instruction or requirements. Ask how long it will
take you to wait for the result and be sure to make a note of it on your
calendar. If they failed to contact you on the given date, be sure to contact
your Health Insurance Agent immediately.
Filing for an insurance claim
can be tedious but in today's world where everything is fast-paced, having an
Insurance Policy is becoming a necessity. Here is your guide on how to file
your Insurance claim with lesser time, effort and troubles.
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