Verification in the Life Insurance Registry
Why is Verification in the Insurance Registry Important??
One of the first steps to take, or it is advisable to carry out, in a Inheritance Processing is the Verification of Life Insurance Policies existing in the name of the deceased. Our Inheritance Specialists always request this information from the Registry of Death Coverage Insurance Contracts. In this way we ensure the existence, o no, of policies and their beneficiaries since it is essential information to be able to correctly advise our clients.
The importance of knowing the existence of life insurance lies in the fact that it directly influences the heirs, either through a monetary endowment or through cancellation or amortization., total or partial, of a loan or mortgage that the insured had.
What is the Life Insurance Registry?
He Life Insurance Registry, Also called Registry of Death Coverage Insurance Contracts, it is a computerized registry, dependent on the Ministry of Justice, in which all death coverage or life insurance contracts signed in our country are noted and whose purpose is to make known whether a deceased person was insured with death coverage insurance so that his or her heirs, and beneficiaries of life insurance if any, can request the corresponding compensation.
Any person interested in obtaining information about whether a deceased person had contracted insurance in the event of death and the insurance company with which it was subscribed will have access to the Registry.. The required information must be provided to you within one month from when the request is made..
With said information provided by the Registry, our Inheritance Lawyers can help them find out if they are entitled to the insured benefit and process said claim.
The Registry keeps data related to the contracting of life insurance during 5 years from the date of death of the insured in question.
The advantage of hiring specialized services is, without a doubt, the peace of mind that all of this will be carried out without any harm to the interested parties and with the utmost professionalism., avoiding discomfort, headaches and pressure among family members who are not familiar with these procedures or, even though we are familiar, avoids misunderstandings between those affected since our lawyers, in addition to being specialized in the processing of inheritances, They are specialized in mediation between family members and/or non-family heirs.
For the Verification of Life Insurance it is better that you trust our Inheritance Specialists
So far we have seen how get the Literal Death Certificate and how to apply Certificate of Last Wills that together with the information about Life Insurance for the Deceased, They constitute the initial and basic information with which our law firm specialized in inheritances develops and analyzes the best tax and legal options for its clients, developing a personalized and unique tax plan for each of them..
Finally, It is worth highlighting the existence of the Life Insurance Registry, that can give us information if a deceased person was insured with death coverage insurance. But we will talk about this in the next article..
In our next article we will talk about the procedures to follow, How it is performed acceptance of inheritance.
For more questions you can contact an inheritance specialist by clicking on the button.
