Skip to Content
Man on computer tablet researching and choosing a life insurance company.
Choosing a life insurance company

Life insurance claims: Delivering a promise

This article details the value of trusting your life insurance company and ensuring you pay your premiums on time.

When you buy a life insurance policy, it is for the purpose of having coverage to protect the people you love from financial crisis if you were to die unexpectedly. But how can you be sure that your life insurance claim will be paid when you die?

First of all, life insurance is a promise - a promise to protect your loved ones when you are not here to do so yourself. With this in mind, nothing calls for trust more than the purchase of a life insurance policy.

Simply put, you must be able to trust the life insurance company that you have your policy with to keep the promise made to you and your loved ones. And by selecting a reputable life insurer, you'll have the peace of mind knowing that when the time comes, the company will be there to pay your insurance claim. But in addition to selecting a reputable life insurance company, how can you ensure that your claim will likely be paid in the event of your death? Paying your premiums on time is crucial.

Most of the things in life aren't free and your life insurance policy is no exception. As a contract between you and the insurance company, you have agreed to make payments in exchange for life insurance coverage. By missing payments, you run the risk of a policy lapse and a possible insurance policy termination. So if you were to die and your policy has lapsed for nonpayment, there is a very good possibility there would be a significant reduction of or no policy benefits paid out to your beneficiaries.

If you do get behind in your payments, the first thing you should do is contact your agent or company representative as early as possible. If you're not too far behind, you may be able to make up the payments to keep your policy in force. If you have a term life insurance policy, getting your premium payments caught up is really the only way to keep your policy from lapsing. On the other hand, one of the benefits of owning a permanent life insurance policy is that the cash value that can build up within the policy. With life insurance such as whole life, universal life insurance, or variable universal life, you may be able to use the cash value in your policy to pay for your life insurance premiums when money is tight.

By selecting a reputable life insurance company and staying on top of your life insurance premiums, you can ensure that if the unfortunate happens, your claim will be paid.



Arrows linking indicating relationship

Related Articles

African American man writing something down as he researches an important topic on the internet.

Shopping for a life insurance company

Learn more
Two business women discussing life insurance company ratings

Life insurance company ratings: Why they matter

Learn more
Woman on stairs after workout wondering what life insurance rating or classification she might qualify for

Life insurance ratings and classifications for policyholders

Learn more

All Learning Center articles are general summaries that can be used when considering your financial future at various life stages. The information presented is for educational purposes and is meant to supplement other information specific to your situation. It is not intended as investment advice and does not necessarily represent the opinion of Protective Life or its subsidiaries.

Learning Center articles may describe services and financial products not offered by Protective Life or its subsidiaries. Descriptions of financial products contained in Learning Center articles are not intended to represent those offered by Protective Life or its subsidiaries.

Neither Protective Life nor its representatives offer legal or tax advice. We encourage you to consult with your financial adviser and legal or tax adviser regarding your individual situations before making investment, social security, retirement planning, and tax-related decisions. For information about Protective Life and its products and services, visit

Companies and organizations linked from Learning Center articles have no affiliation with Protective Life or its subsidiaries.