How Long Does It Take For A Life Insurance Policy To Be Paid Out? 
Once a claim is submitted on a life insurance policy , the process takes approximately 10-14 days for the beneficiary to receive the proceeds . It can take longer -LRB- up to 45 days or so -RRB- but based on my 32 years of experience , the time frame is much less . Often it is a lump sum check or a deposit into a money-market fund or checking/savings account . Typically , proceeds are tax free to the beneficiaries . A full-time licensed broker is a great resource for the most accurate information . They are familiar with the process and provide the best options . 