What Does the Life Insurance Claim Process Entail?

Many people often try to avoid life insurance, yet it must be discussed and planned for. Everyone is going to die one day, so it’s best to be prepared for when that day happens. You must file a claim if you are in charge of a life insurance policy for a loved one who has recently passed away. However, in addition to your grief, you’re likely feeling overwhelmed and nervous about the claim process itself. What exactly does the life insurance claim process entail?

Contact Your Life Insurance Agent

Although each insurance company handles claims differently, most of them are very similar. You will need to obtain a copy of the loved one’s death certificate to give to the insurance company as proof of the cause of death. Once you’ve gathered that, you can report the death to the insurance agency. You will be required to complete a packet of information, which you will return upon completion. Once you’ve completed the claim packet, you’ll need to choose a payout method. Depending on the insurance company, you can opt to be paid in a lump sum or payments. 

Wait for Your Payout

Life insurance companies typically have 30 days to process a claim and make payouts. Still, once you’ve completed the claim packet accurately, you can expect payment to arrive in about 7–10 days. 

As you can see, the life insurance claim process is pretty uncomplicated, so you shouldn’t allow it to intimidate you. If you’re in the Nashville, NC, area and looking for a new insurance provider, you might want to check us out at Hedgepeth-Hutson Insurance Services Inc. We at Hedgepeth-Hutson Insurance Services Inc. have been in business for a while, offering high-quality service and policies. We provide coverage for Nashville, NC, so give us a call today for a quote.

How a Life Insurance Policy Protects Your Family

No one or their family wants to think about a life without them. But it’s also important to be realistic about the future. Everyone wants to make sure they have set up their family for success without them. When you’re gone, your family members are the ones the life insurance policy would benefit from.

At Hedgepeth-Hutson Insurance Services Inc. in Nashville, NC, we know how complicated a decision like this can be. Let’s break it down for you a little.

Providing Financial Security with Life Insurance

Having life insurance coverage can provide guaranteed protection and reassurance to your family that they have financial security after your passing. Many unanticipated expenses can arise in the event of a family member’s sudden death. The earnings from a life insurance policy can provide financial relief during times of grave emotional upset.

Life insurance can help supplement the deceased’s income and offer financial assistance to the family. It can help pay off debts and cover living expenses and end-of-life proceedings. The beneficiaries of your life insurance policy will also automatically receive tax-free income.

Life insurance can ensure your family can pay the rent or mortgage on a house, afford childcare, cover tuition, eliminate debt, or retain any businesses without you. For these reasons, it’s crucial to consider purchasing life insurance if you and your spouse have children.

Ultimately, it’s better to be prepared for the worst-case scenario and not need it than avoid thinking about it and be in trouble when push comes to shove. The decision is yours to make and depends on your family’s goals for their future.

For more information on life insurance, contact our agents at Hedgepeth-Hutson Insurance Services Inc. in Nashville, NC.

How much life insurance is enough?

Deciding how much life insurance is enough is a critical decision. You want to make sure you have enough to care for your dependents if anything should happen to you, but you also don’t want to pay for more than you can easily afford. At Hedgepeth-Hutson Insurance Services Inc. in Nashville, NC, as independent insurance agents, our first responsibility is to make sure our customers have the right coverage and that we are there for them if they ever need to file a claim. 

The first question you need to ask when trying to determine the amount of life insurance that is enough for you is who depends on your income? If your answer is nobody, then the amount of life insurance you need is different from someone who has a spouse and three children. 

The next question you need to answer is how long will they need me to support them? If your children are young, it could be 15 years or more. Social Security will provide dependent care for children up to the age of 18, so that is something you can consider when figuring out how much life insurance you need to have. 

You may also have life insurance as a work benefit, but that is just a bonus. It should not be considered in your figures because you can’t guarantee it will even be available if you have a long illness and cannot work. 

The last thing to consider is your income and how much of a mortgage you have. Ideally, you can have enough to pay off the mortgage and leave enough for several years of salary. But the reality is, you need to consider what you can comfortably afford to pay for life insurance today. By working with your insurance agent, you can develop the right figure. 

Contact Hedgepeth-Hutson Insurance Services Inc. Nashville, NC when you need to review or discuss your life insurance. 


Life Insurance Means Peace of Mind for Your Family

There are many ways to have more peace of mind, and a good life insurance policy can be one of them. Not only will it give you more comfort, but your family will also feel more secure. At Hedgepeth-Hutson Insurance Services Inc., we can help you find the right life policy for your needs. If you’re in the Nashville, NC area, we’re here to answer your questions and work with you to locate the insurance coverage that fits your lifestyle and family situation. Everyone is different, and you want to get an insurance policy that’s going to be specific to your needs.

Knowing that your family is protected in the event of your death can be very important when it comes to feeling secure. It can help you enjoy life with your loved ones and not worry as much about the future. It can also give you and your family the freedom to have adventures and do things together, so you don’t focus on concerns or potential problems. Your family may rely on you to take care of them, and if you can’t do that anymore, it helps to know they’ll still be provided for properly.

If you’re in or around the Nashville, NC area, reach out to us today at Hedgepeth-Hutson Insurance Services Inc. We’ll work with you to find the right life insurance policy for your family’s needs.

There are several factors to consider when choosing this type of policy, and the best way to get the information you need to make an informed choice is to talk to trusted professionals. Our trained and dedicated agents want you to have the coverage you need and feel secure in your policy choice, so your family will have the protection you want for them.

Protect Your Growing Family with a Robust Life Insurance Policy

Starting a family is an exhilarating experience, but also one that can be filled with worry about the future. If you and your spouse are planning a family, it’s crucial to find the right life insurance policy for your growing family’s needs. The team at Hedgepeth-Hutson Insurance Services, Inc. is here to help you navigate the selection process and provide your family with the protection it needs. If you are in the greater Nashville, NC, and have questions about life insurance, we are here to help.

The Right Life Insurance Policy Can Make a World of Difference

People with young children, or who are looking to start a family, are often overwhelmed when it comes to choosing the right life insurance policy. We recommend that you take a close look at your needs and choose a robust policy that can meet them now and into the future. Whether you find that term, variable, or whole life is the right choice, it’s vital to choose the correct policy level that will meet your family’s needs.

There’s no need to go through this process alone, as your local insurance agent is an excellent resource for providing information and guidance as you make your selection. Now is the time to learn more about your options, and begin to determine which type of policy can best provide the coverage for your young family. Life insurance can make a significant impact on the life of your family in the event of a catastrophe.  

Ready to find out more about the life insurance policy options that are available to families in the greater Nashville, NC area? Give the folks at Hedgepeth-Hutson Insurance Services Inc. a call today and schedule a consultation. We’re for you as you begin the exciting journey of starting a family!