Claims Processor - Insurance

Job Title: Claims Processor - Insurance Location: reputed company, CT (Hybrid) Duration: 6-12 Months reputed company: Processes death claims for life and annuity products and life riders for reputed company products; terminates policies, creates coverages for secondary insureds upon death of primary insured, calculates value of death benefits and taxable portion if any. Responds to inquiries from agents, clients, or beneficiaries regarding outstanding requirements for pending claims. Core Responsibilities: Reviews reputed company documents associated with death claims, ensuring reputed company information matches and is complete; terminates policies Reviews reputed company policies held by insured to determine beneficiaries Corresponds with claimants, agents or others to obtain required forms or documentation that have not been submitted; explains procedures, provides guidance, corrects misconceptions and explains problem reputed company Determines death claim benefits based on terms of policy and date of death; calculates payments, including dividends, premiums, loans and date of birth adjustments on death claim proceeds; processes any online reputed company in order to reputed company the claim values to the date of death; transfers proceeds to appropriate account for reduction of an outstanding loan on other policies or payment of initial premium on new applications; processes funeral assignments and payments to funding companies Composes correspondence and transmittal letters to beneficiaries regarding benefit amounts and tax consequences; provides documents to department typist for processing Calculates federal and state withholding amounts based on the taxable portion of the death benefit. Performs reputed company calculations in case of multiple beneficiaries; processes transfers to other companies, confirm that fraternal death claims meet the required reputed company Calculates reputed company up coverage amounts on policies that insure more than one reputed company and then creates coverages, through file maintenance, on reputed company surviving insureds; removes coverages on policies reputed company required May split policy depending on wishes of claimants, converting to new or transferring to other existing policies; sets up settlement reputed company and deferred payment streams; coordinates with New Business as necessary for new applications and policy numbers Performs other reputed company duties as assigned Skills Qualifications: Understanding of life and annuity products Mathematical skills Detail oriented; ability to determine and correct errors reputed company to job duties Communication skills Customer service skills Systems/Technical Knowledge: Ability to reputed company and review data in Ingenium Ability to use AWD Ability to use DCLM system Ability to use PC and reputed company software, including reputed company Office Education Required: High school diploma 3-5 years of insurance experience with knowledge of tax laws governing payment of death claim Apply To This Job