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- The life insurance payout will be sent to the beneficiary listed on the policy. If there’s more than one, each beneficiary has to submit their own claim. Then, the insurance company will pay each person or organization the amount the policyholder left them.www.ramseysolutions.com/insurance/life-insurance-payouts
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WEBMay 23, 2024 · Who Gets the Life Insurance Payout? The life insurance payout will be sent to the beneficiary listed on the policy. If there’s more than one, each beneficiary has to submit their own claim.
How Does Life Insurance Work? The Process …
WEBMay 22, 2024 · There are different ways a beneficiary may receive a life insurance payout, including lump-sum payments, installment payments, annuities, and retained asset accounts.
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