A former insurance producer, Laura understands that education is key when it comes to buying insurance. She has happily dedicated many hours to helping her clients understand how the insurance marketplace works so they can find the best car, home, and life insurance products for their needs.

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Written by Laura Berry
Former Insurance Agent Laura Berry

Dan Walker graduated with a BS in Administrative Management in 2005 and has been working in his family’s insurance agency, FCI Agency, for 15 years. He is licensed as an agent to write property and casualty insurance, including home, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com.

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Reviewed by Daniel Walker
Licensed Car Insurance Agent Daniel Walker

UPDATED: Jun 28, 2022

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Don't Miss These Facts

  • A life insurance company will pay out a death benefit to your beneficiaries if you pass away while still under coverage
  • With all the necessary information, a beneficiary can receive a payout in less than a week
  • Insurance companies will require a death certificate and may also require a copy of the original policy

Most people who purchase life insurance do so for the death benefit. The death benefit of a life insurance policy is the amount of money your loved ones receive after you pass away.

Every life insurance company handles death benefits — and the timing of paying out death benefits — a bit differently.

Depending on your life insurance company, you may be curious to know more about life insurance companies that pay the policies within 10 days if death occurs.

You may wonder who owns a life insurance policy when someone dies. The truth is that a life insurance company must pay out the death benefit to any beneficiaries in a timely manner, though specific time frames vary between states.

Because life insurance beneficiary rules vary from one company to the next, you should check with your life insurance company to see what the rules are with regard to your unique policy and when your beneficiaries will get the money they are owed.

If you do not currently have a life insurance policy, it’s a good idea to ask about how the death benefit of a policy works with different companies as you shop around.

You can compare life insurance policies online to see how payouts work, and that could help you make the best decision for your family.

As you search for life insurance that pays out a death benefit in a reasonable time frame, be sure to use our free tool above to compare life insurance quotes.

Which life insurance companies pay the policies within 10 days of death?

For most life insurance companies, the time frame it takes to pay out a death benefit is directly related to how quickly the beneficiaries file a claim.

Life insurance companies that can pay out within 10 days of the insured passing away include:

  • Pacific Life
  • Northwestern Mutual
  • USAA
  • Guardian
  • State Farm
  • Haven Life
  • New York Life
  • MassMutual
  • Auto-Owners
  • AARP
  • Allstate

While there are some life insurance companies that don’t pay the policies within 10 days if death occurs, many insurance companies pride themselves on making timely payments when it comes to life insurance benefits.

If you want to learn more about any specific insurance company, you can do a bit of research online. For example, if you’re interested in State Farm, you could read our State Farm life insurance review to become a bit more familiar.

Enter your zip code below to view companies that have cheap life insurance rates.

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How long does a beneficiary have to claim a life insurance policy?

The good news is that there is no time limit on how quickly you need to file a claim in order to receive the death benefit — or any other benefits — of a life insurance policy.

While some people use money from a life insurance policy to pay for things like funeral fees or debts of the deceased, others may not need the money in any sort of hurry.

Most life insurance companies will issue prompt payments of death benefits because of individual state laws and also because death benefits continue to grow with interest until the company pays any and all beneficiaries.

Will you get a death benefit immediately after filing a claim?

If you have all the necessary documents and information in order and ready for the insurance company, you could receive a payout of the death benefit in just a few days.

Life insurance companies need certain information in order to process life insurance claims. In order to receive your payout in a timely manner, you should do the following:

  • Have the death certificate ready – You will not be awarded a death benefit from any life insurance company without a death certificate. Most companies require an original.
  • Contact the life insurance company quickly – Regardless of the other tasks you are responsible for, be sure to contact the life insurance company and let them know right away.
  • Read the fine print – Familiarize yourself with what is required by the life insurance company in order for you to receive a death benefit, and be sure to follow their rules to the letter.

If you have all the necessary information and you let the insurance company know about the death, there’s a good chance you could get the death benefit in a week or two.

What should I do if I am the beneficiary of a life insurance policy?

If you are the beneficiary of a person’s life insurance policy, the best thing you can do is familiarize yourself with the policy ahead of time.

Once your loved one passes away, it will be time for you to take action by informing the life insurance company and presenting all of the necessary information and documentation.

It may be helpful for you to get a copy of the life insurance policy that you could keep with other important documents. There is a chance the life insurance company may require a copy of the policy when you turn in a death certificate.

As you work to get everything in order, don’t hesitate to call the insurance company with any questions you have. An agent with the company will know the rules and regulations and should be able to answer your questions.

If you are shopping around for your own life insurance policy, you can compare quotes from multiple companies at once by using an online quote comparison tool.

Comparing life insurance quotes online is a great way to see how much you could expect to pay for different life insurance policies, and it could help you save money in the long run.

In fact, you can use our free tool below to compare life insurance companies and their policies today.