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Approved life insurance claim payout timeline?

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Rockymtnmel

Junior Member
What is the name of your state (only U.S. law)?
Need NJ law for this question.
What is the timeline for a life insurance company in NJ, to pay a minor turned 18 beneficiary, after they request payment in a letter with a notary to be transferred to their bank account minus applicable transfer fees, when the claim had been processed and money held in an account by the insurance company for over a year?
 


Dandy Don

Senior Member
Was the beneficiary directly related to the decedent?

Did you all have any prior communication with the company (perhaps by phone) to inquire about how this would be handled?

Who actually wrote/submitted the letter--the beneficiary, or someone acting on the beneficiary's behalf?

DANDY DON IN OKLAHOMA ([email protected])
 

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