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How quickly do you get a life insurance payout? After you file a claim, you should be paid in 14 to 60 days. In rare cases, the insurance company may take longer to investigate a claim. This usually happens if the insured person dies within the first two years that the policy was active.

Generally, yes. Depending on how you choose to get your life insurance payout, you will likely be subject to some fees and may owe taxes. Each policy will be different, and it's important to understand all the details before you take this step.

Please contact your human resources department for more information. Q: If my claim is approved, when will I get paid? A: Once your claim is approved, we process payments immediately. It takes about seven days for direct deposits to show up in your bank account or 7 ? 10 business days to receive a check in the mail.

Once your claim is submitted, you can review the status of your disability claim at myNYLGBS.com. In addition to viewing the status of your claim, you can also view payment information, upload documents, etc.

Sell it to a third party You will no longer have coverage. The amount you receive for selling your life insurance to a third party over simply surrendering it will vary depending on many factors. You may also be subject to large commissions and fees that reduce the amount you will receive.

Depending on the type of information needed, they may contact a third-party directly; if a third-party is contacted, we will notify the customer or beneficiary. How long will it take to process the claim? After we receive all requested information, a claim decision will be available within 10 business days.