The payout process for death benefits usually involves several steps:
Notification of Death - The beneficiaries must notify the employer or the insurance company of the employee's death. Submission of Documentation - Required documents, such as a death certificate and policy details, must be submitted. Verification - The company or insurance provider verifies the information and processes the claim. Payout - The benefits are paid to the designated beneficiaries, either in a lump sum or in installments, depending on the policy.