When a loved one passes on during the term of their life insurance policy – this means the policy didn’t mature – any of the named beneficiaries can claim the proceeds. The claim is known as ‘Life Insurance claim’ or ‘death claim.’ At JC Demo Insurance Group, we can help you with your life insurance claim in Matthews, NC.

How to make a life insurance claim

The most crucial step you must take is to inform the insurance company about the death of the insured. According to insurance companies, there are two main classifications of death – ‘early death’ as well as ‘non-early death.’ They are based on the time the insured took the policy. An early death means the insured died within 3 years of acquiring the life plan.

The papers required to file a death claim for these two types of deaths can vary depending on the insurance company. So, make sure you approach the insurer to get the claim intimation form. You should also ask them to clarify more about the documents you need to provide for the claim.

Document checklist

Usually, a life insurance claim requires these documents:

• The original policy document
• The death certificate
• Police FIR (if an unnatural death occurred)
• Hospital records (if the deceased passed on due to an illness)
• Medical certificate (to show cause of death)
• ID proof of any beneficiary
• Discharge form
• Post-mortem report (if an unnatural death occurred)

Being a claimant, you need to make a claim immediately after the insured dies. Ensure you have all the required documents too. Once you submit the claim, the insurance company should issue a settlement shortly. But, you must determine how the funds will be distributed.

JC Demo Insurance Group has been offering numerous insurance services to Matthews, NC residents. Contact us for more information about life insurance and the claim process.

 

Business owners in Matthews, NC know that there aren’t any guarantees when it comes to predicting how much business you will do in any given time. Some variation is normal, but a real business stoppage could seriously harm the business. At  JC Demo Insurance Group, we help small businesses that need this kind of protection. 

Why Do Business Stoppages Happen? 

Changing seasons bring in different kinds of customers, and sometimes of the year may be very quiet, especially with certain types of businesses. But sometimes a real catastrophe occurs, and the business really has to close until the situation changes. 

A catastrophe includes acts of nature, like an explosion, a tornado, a big winter storm or a tropical storm. Even a fire could cause you to suspend business operations while you take care of rebuilding or moving. 

Expenses Keep Piling Up

While your business is closed, the bills keep coming in. You still need to pay your mortgage, utilities, and other regular bills. 

You will also need to deal with your employees in some way. They can’t do with the loss of income either, as their own bills will still keep come in.

How Much Business Interruption Insurance Do You Need?

Some businesses can be moved to a temporary location while the main problem is dealt with. In those cases, you might not need as much protection. 

Whatever you do, keep good records. The amount you can claim will depend a lot on how much your business loses by being closed. 

A business interruption insurance policy in Matthews, NC is usually part of a commercial insurance package. Call  JC Demo Insurance Group today to make sure your business has the protection it needs.