Payment on death
1. What documents need to be presented in Ontario need to be presented for life insurance to be paid? Life Insurance Settlement in OntarioEach life insurance company has a claim form to be completed and the death certificate must be presented as well. Many insurers also ask for a copy of the birth certificate if they didn't get a copy at time of application. Under normal circumstances, the benefit is paid quite quickly (4 - 14 days) after receiving everything. There are times where it takes longer. For example, if the policy was recently issued the insurer might check the application for misrepresentation. Or if it is not clear how to reach the beneficiary. Hope that helps. Get a quote at: Ask another question at Life Insurance Questions Other pages of interest:Term Life Insurance in Canada Whole Life Insurance Canada Term or Whole Life Insurance Canada Life Insurance Disability Insurance Canada Note: Keep in mind that insurance licensing, legislation, and policies often vary by province and most certainly by country. Canada Insurance Source is a free information source. So use this site to gain a general understanding of insurance with your own area and situation in mind. This insurance information is general in nature and the policy wordings always take precedence. It is possible that there are errors and omissions in this website and www.canada-insurance-source.com, or its authors, take no responsibility. Make sure you review the "please read" page. www.canada-insurance-source.com |