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Life insurance payout
Cat51
Posts: 1 Newbie
Having lost my husband in March I reported his death to the life insurance company in order to make a claim. it's taken several weeks to finalise documents etc and I have now received the cheque. I had presumed that I would receive the sum assured plus interest accrued from the date of his death but only the sum assured was sent. Can anyone advise if I can claim interest for the intervening period?
0
Comments
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Interest is paid only if there is an error that caused a delay for which the insurer was liable. If it was caused by documents (probabte, death certificate etc) waiting to arrive then it is outside of their hands. Typically, less than 30 days for them to deal with means they dont have to pay any interest.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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