Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
ThinkAdvisor

Life Health > Life Insurance

Hartford to Expedite Group Death Benefit Payments

X
Your article was successfully shared with the contacts you provided.

A life insurer will be working with a funeral services firm to pay some group life claims within 48 hours after the death of the insured.

The Simsbury, Conn., life unit of Hartford Financial Services Group Inc. (NYSE: HIG), Hartford, will use call center services from Everest Funeral Package L.L.C., Houston, to run the program.

Beneficiaries of insureds who have employer-sponsored group life coverage from Hartford will be able to submit a certificate of death from a funeral home in place of a government-issued death certificate. That change will speed the payment of death benefits by several weeks, Hartford says.

Expedited benefits will be available in cases in which the insured died from natural causes, such as an illness, and the cause of death does not need to be investigated, Hartford says.

The expedited death benefits payment feature is part of Hartford’s Life Conversations collection of end-of-life resources.

The package also includes funeral planning, will preparation, estate planning, bereavement support, financial advice and legal support services.


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.