Ask the Life Insurance Expert

What kind of interest am I looking at 23 years after my father died?

When a beneficiary makes a claim long after an insured's death, the life insurance company generally pays interest on the death benefit from the time of death until the claim is made. After all, the life insurance company had that money invested and made interest off it.

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But it's hard to say how much you'll get. Sometimes insurers decide their own interest payment, and sometimes it's dictated by state law. Contact your state's insurance department to find out if they have regulations regarding interest payments on life insurance benefits.

We have a story on other common questions about claiming life insurance that's been "lost" and found.

Last updated: Dec. 7, 2013
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