Delaware Life Insurance Quotes

An important decision to make for your Delaware life insurance is who will be the beneficiary of your life insurance policy.  To avoid any conflicts or confusion you need to be specific when naming your beneficiaries.  The beneficiary can be anyone you choose, more than one person,  a charity or your own estate.  You should consider naming contingent or secondary beneficiaries in case your primary beneficiary dies before you do.  When naming more than one beneficiary, you will need to decided what percentage each will receive or if not indicated they will share the amount equally.  A beneficiary can be designated as revocable or irrevocable, it is best to name the beneficiary as revocable as this allows the owner of the policy to make changes at any time.  To change the beneficiary, the request must be in writing and will be effective as of the signed date.

The beneficiary of your policy can take comfort knowing that it is their right in the Delaware life insurance state code, to a quick and reasonable payment of the death benefits of your life insurance policy.  A claim made by your beneficiary should be processed as quickly as possible and as long as the documentation is complete, never take longer than 30 days.  Their first step is to figure out which company the deceased was insured with, and a phone call to the company or their insurance agent will find their policy.  An original or certified copy of the death certificate is required as well as proof of their own identity.  Next, they will need to complete “proof of death” forms, these and the death certificate will need to be submitted to the Delaware life insurance company.  There may also be forms for income declaring purposes for the IRS.  If all the forms and paperwork are complete a claim can be processed and paid within five business days.

If your beneficiary has any questions or complaints they could contact the Delaware Insurance Commissioner’s Office by phone (1-800-282-8611), by fax (302) 739-6278, by email (consumer@state.de.us) or they could visit the website (www.delawareinsurace.gov).