Death claims of $150,000 or less – express claim
If the beneficiary predeceased the insured, we will require the date of death and the name and phone number of the funeral home if known, otherwise please submit a proof of death.
The claim qualifies as an 'express claim' only if all of the following additional conditions apply:
- The policy must be a life insurance product.
- The death took place in Canada or the United States.
- The coverage has been in force continuously for at least 5 years before the death of the insured and there has been no reinstatements requiring evidence within this time period
- The policy is not currently collaterally assigned
- There are no title complications such as anything that might impact who is entitled to receive the payment
- There are no concerns about the cause of death.
- An accidental death benefit won’t quality for express payment, however the base death benefit may still be payable
- The name, address and telephone number of the funeral home must all be provided.
- The life insurance policy is not registered.
- The death of a child listed under the child term attachment. If the child was born after original policy application we will require proof of death and proof of parenthood.
- The beneficiary is not a company, entity or trust
- Beneficiary is under age 18
- If the beneficiary predeceased proof of death of that beneficiary is required
- If the beneficiary is the Estate the total amount paid must be under $150,000
- If the beneficiary wishes to receive settlement by lump sum payment