All Life Insurance Tips

how long does it take to receive money from a life insurance company after a death?

My grandpa died about 8 months ago, before he passed he mentioned on several occasions that he did not have life insurance. However, on monday my grandma got a letter saying that he did in fact have insurance via the company he worked for. during this this eight month span of time i was accepted to an art school, but we are just now getting financial aide packets. long story short, it is an ungodly amount of money and even with the fafsa, a hefty scholarship, and loans, they still expect me to pay over 20k this year!...and the money needs to be sent to them before i start school in the fall. Because it was really important to my grandpa that i go to college, my grandma has offered to help me pay for school. So, my question is this: Once the paper work is actually filed, how long does it usually take to recieve the money from the insurance company??? as i mentioned, it took 8 months for them to inform us that he had insurance, will it take this long to get the money??? i hope not.

Public Comments

1. after the paper work is done it should only take about a week or so to receive Ur funds.but some time u have to call the ins.company and do a follow up on it cos thy do not like to get in any hurry.
2. Usually it's about three weeks after the paperwork is filed. But usually it's ALSO a small amount, like whatever his annual salary was, or sometimes 2X annual salary, when he left. It might not cover your tuition bill.