sun life insurance company of america baltimore md

Do I have to pay taxes on the death claim proceeds?

We will review the laws of your state to make a determination. If the beneficiary is incarcerated, can they receive the death claim proceeds? If there is no contingent beneficiary, the benefits may be payable to the estate of the insured or the estate of the deceased beneficiary, depending on who died first. In most cases, benefits would be payable to the contingent beneficiary listed on the policy. There are several possibilities depending on the circumstances. Who will receive the benefits and who should file the claim? We need to file a death claim, but the beneficiary is also deceased. State laws will be reviewed to determine how the proceeds can be paid. What happens if the beneficiary is a minor? They are usually issued by a probate court. Letters of Testamentary/Administration appoint the administrator or personal representative of a decedent’s estate. What are Letters of Testamentary/Administration? Yes, we may pay the proceeds directly to the funeral home if an assignment is completed and signed by the beneficiary(ies.) This can be obtained from the funeral home. We need to use this policy to pay funeral expenses. Your check will be mailed direct or to your local agency for delivery. Your claim will usually be processed within 10 business days from the time we receive all required information. Where should I mail the death claim documents?Į-mail Address: When will I receive my check? If the death benefit is $10,000.01 and above, the claim paperwork MUST be mailed. We do accept faxed or scanned death claim paperwork if the death benefit is $10,000 and below. Do you accept faxed or scanned death claim paperwork? A certified death certificate is required for a death benefit of $10,000.01 and above. Will you accept a copy of a death certificate?Ī copy of a death certificate is accepted if the death benefit is $10,000 or less. Letters of Administration showing the named executor of the estate may be required if the beneficiary is listed as the estate. For example, if the death was accidental, an accident report may be needed. Additional information may be needed in some cases. We will need a completed claimant’s statement, a death certificate, and the original policy(ies), if available. What information do I need to submit a claim? You may also email us at or click on “Contact us” above. Home / Customer Support / Frequently Asked Questions: Claims / FAQs: Claims How do I obtain a death claim form?Ĭall our Customer Service Department at 1-80, and choose option 1. Agent for Independent Marketing Organizations.

Sun life insurance company of america baltimore md