At Settlers Life we have always been very proud of our record of paying claims. We know that at the time of a loved one's death, having life insurance proceeds quickly and readily available to pay for final expenses can help relieve the stress of an emotional event.
"We Exist to Pay Claims" is a confirmation of why Settlers Life exists.
We are pleased to report that in 2016 we paid 7,975 death benefit claims and only rescinded 69, a claim payment percentage of 99.13%. We are also pleased to report that those 7,906 paid claims represented a total of $29,270,984 in death benefits.
In the first half of 2017, we paid 4,172 (99.38%) death benefit claims, representing a total of $16,040,174.99!
Claims are usually paid within 24-48 hours upon receipt of all required documents. You can be sure that when your final expense needs are the greatest, we will be there. That is receiving TRUE peace of mind.
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These figures were drawn from the internal claims records of Settlers Life Insurance Company.