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Life Insurance - Acceptable payout time

Discussion in 'Superannuation, SMSF & Personal Insurance' started by Beni050385, 22nd Mar, 2014.

  1. Beni050385

    Beni050385 Member

    Joined:
    5th Feb, 2012
    Posts:
    21
    Location:
    Shepparton & Melbourne
    Hi Guys,

    I am following this up for my mother after my father unexpectedly passed away earlier this year.

    Is there an acceptable payout time for life insurance?
    The insurer isn't giving any clear indication on time frames the have last said that it is sitting with the trustee's.

    The really frustrating thing is they have said that they will let us know if there are any delay's however they can give an approximate time frame so what determines a delay?
     
  2. Jimmy007

    Jimmy007 Member

    Joined:
    28th Aug, 2013
    Posts:
    19
    Location:
    Brisbane
    Which insurer is it?

    Jim
     
    Last edited by a moderator: 27th Sep, 2016