When your significant other or another family member has died and named you as the beneficiary to a life insurance policy in the Coppell area, you will want to make a claim on the policy. After you make a claim on a policy in the Coppell, Texas area, you can expect a prompt reply from the insurance company.

Texas Laws

In the state of Texas, life insurance companies are required to give you a prompt acknowledgement of any claim you make. State laws dictate that you will receive an acknowledgement of the death of your loved one within 15 days of giving the information to the company.

In Coppel, you can also expect to receive a lump sum payment within 45 days if there are no complications with the death.

Possible Delays

Although the state requires a prompt reply and a payment within 45 days, it is possible to face payment delays in certain situations. The most common reason for a delay is a pending investigation into the circumstances of the death.

If the circumstances are causing a delay or the company has other reasons for a late payment, then you will hear about the reason within the same maximum time period. The state requires the company to either pay according to the settlement you select or give you a reason for a late payment if circumstances are causing a delayed payment for any reason.

You will not need to wait long after making a claim as a beneficiary in the state of Texas. Since the state laws have specific guidelines, you can expect a reasonably short wait to obtain financial relief. To learn more about the state laws, contact us to talk to an independent agent.