- It takes 6 months to cash out a life insurance policy.
- Processing of the fund takes 7-10 days
The processing of the fund takes only 7-10 days and the insurance company is bound to pay the payment in 6 months to the beneficiary of the policyholder. According to US life insurance law, your insurance company has no right to delay your payment amount for more than 6 months. You have the legal right to use against the life insurance company without any delay in such a case.