The proceeds from a life insurance policy, also known as, the death benefits, are paid out to the beneficiary or beneficiaries of a life insurance policy upon the death of the insured person.
The beneficiary contacts the insurance company after the insured has died, to make a claim for the death benefit from the policy.
The insurer will mail the forms to the beneficiary that need to be completed in order to make the claim for the death benefits.
Learn more about who life insurance money goes to.
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