How easy is it to collect a universal life insurance policy on someone after they have passed away? and Big insurance: Sick of it health care reform rally

How easy is it to collect a universal life insurance policy on someone after they have passed away?

Also do I need to pay taxes on a universal life insurance policy as well?
I have a universal life policy currently on my father who is now 80 years old, and looks like will soon be passing due to his illnesses. I want to know how easy is it to collect on the policy after he pasts away? Is there a certain number of years before the policy matures?


insurance best answer:

Answer by Cari
the day they have the death certificate.

insurance

Big insurance: Sick of it health care reform rally


Image by Steve Rhodes

near the offices of Anthem Blue Cross

moveon.org

healthcare.barackobama.com

www.healthcareforallnow.org

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