life insurance guide

On the death of a policyholder, the beneficiary of a life insurance policy will normally be asked, on submitting a claim, to provide various proofs: the death certificate of the policyholder, proof of policy and other documents the insurer may require to process the claim. If the policy has been written in trust, then the payout can normally be made very quickly. However, in the event that the policy is not written in trust, the payout will only be made on production of the Grant of Probate, which may take some weeks.