Within what time frame must the death benefit payment be made after receipt of due proof of death?

The correct answer indicates that the death benefit payment must be made within a two-month period after the insurer has received due proof of death. In Indiana regulations, insurers are typically required to process and pay out death benefit claims promptly once they have the necessary documentation. This time frame allows the insurance company to verify the claim and ensure that all contractual obligations are met efficiently.

Choosing a period of two months balances the need for a timely response to beneficiaries with the insurer's need to conduct due diligence on the claim. This standard reflects both the urgency and the cautious approach necessary when handling sensitive matters like death benefits. Understanding this time requirement is crucial for policyholders and beneficiaries to know their rights regarding claims and payments from insurance companies.