Life Insurance Oregon OR
Reader’s Question:
My husband died in 2001. I wasn’t aware that he had any life insurance policy until 2 months ago. Is there a time limit in filing insurance claim? We live in Eugene, Oregon.
Anne
Eugene, OR
No. I’ve not heard of such a time limit for claim in Oregon in case of life insurance policy.
I only know of a time frame towards filing claims for disability or critical illness, which is generally 30 to 90 days of the policy holder’s disability or illness.
For filing a life claim by a beneficiary, the reimbursement procedure may demand the policy-holder’s death certificate, age of proof, claim form describing the beneficiary, and physician’s certificate from the doctor who checked or treated the policy holder.
Be aware though that definitely, there is no hard and fast time limit for you to claim. In your case, since you have not claimed your benefits for along time, you are entitled to an accumulated interest for the death benefit, depending on the type of life insurance your late husband has. It may also be in the form of dividends plus interest if the policy happens to be a participating plan.
Talk to your late husband’s life insurance company in Oregon so you can get more information regarding your specific situation. Just secure the document requirements so the net proceeds will be given to you.
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