When to use Notice of Death to an Insurance Company
If you recently experienced the death of a loved one, you may have any number of questions related to that loved one’s financial and practical “affairs.” If you have been tasked with ensuring that interested businesses and insurance companies are aware of this turn of events, you may not know exactly how to go about informing them that your loved one is no longer in need of their services. Similarly, you may have questions about how to obtain refunds of unused premiums or payouts related to the death of the policy holder. It is completely normal to be overwhelmed with practical matters in the wake of a loved one’s death. Thankfully, one excellent place to “start” managing your loved one’s affairs involves sending a notice of death to your loved one’s insurance companies. These businesses often offer some of the most critical, time-sensitive and financially sensitive services related to your loved one’s passing. Thus, beginning your notification tasks with interested insurance companies may be an obvious and uniquely beneficial place to start.
Using a formal “notice of death to an insurance company” template can help you to efficiently and effectively provide insurance providers with an announcement of your loved one’s death. In addition, keeping a record of where this notification has been sent may help to serve as evidence of your efforts to notify these companies if they ultimately contest when they were alerted to this event. It may help to make a list of all the insurance accounts your loved one maintained and what you now need from each. For example, you may need to seek a life insurance payout and a refund of unused premium from a car or homeowner policy but may only need to notify a medical insurer that your loved one’s account should now be closed.