The death of a loved one is a difficult subject for almost everyone. We have prepared a very useful checklist
of things that need to be done when someone dies, and we hope that you will take the time to read through it now so that if the time comes you will be more prepared. You may also wish to print the page and place it with your important papers for future reference.
When it comes to finding out if somone had life insurance you should contact the deceased's life insurance agent. In most cases, life insurance companies require only two forms to establish proof of claim: a claimant's statement and a death certificate or an attending physician's statement. The claimant's statement must be completed by the beneficiary.
If you are the beneficiary, you'll be facing crucial financial decisions at a time when you may be least prepared to make sound financial decisions. To add to the burden, the amount of money involved may be very large. For this reason, some life insurance companies offer an interest-bearing money market-type account that allows you to write checks against your benefit proceeds the same day you receive your checkbook.
This provides immediate access to and complete control of your proceeds, while they earn a competitive rate of interest and a guarantee of principal by the insurer. It gives you the time you need to evaluate your changed financial situation and to talk things over with your trusted advisors.