In the United States, millions of individuals do not receive their respective benefits from life insurance. The Consumer Reports investigation said that at least $1 billion funds from life insurance aren’t being paid out by different life insurance companies.
Moreover, $2,000 is the average life insurance benefit every year but it can reach as high as $300,000. Even if the average funds are small, beneficiaries still need to receive them. Financial assets are important for every individual, especially those who lost their loved ones.
Furthermore, an insured person wants to support and assist his/her beneficiary after his/her death, and it must be done. Life insurance companies must be responsible for the disbursement of their funds and benefits.