The time frame allowed for the payment of life insurance-related claims. This time frame includes the time period between when the application for benefits is submitted in good order to the insurance company and when the insurer completes the processing of the claim.
In general, a life insurance company has 30 days to process and pay a death claim. If the insurer fails to meet this deadline, it must pay interest on the outstanding unpaid death benefit until the claim is paid.
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