It depends upon your insurance company. My dad has a life insurance and if he dies (God forbid), we will get 2 million but if he reaches the age of 65 he'll have 6.5 million. It also depends on what age you started to have an insurance
It took less than a month to receive it in my case
How long do I have to claim my fathers life insurance .He passed away 7 months ago and I am just now getting to it.