Facts About Life Insurance Claims
Frequently Asked Questions Can an insurance company legitimately deny a life insurance claim? If all information on the policy is correct and it is force when the policyholder dies, a life insurance provider cannot deny a life insurance claim. Since they are contractually obligated to pay, the only thing they can do is to withhold […]
How to Dispute Denied Life Insurance Claims
Anyone who has ever filed an insurance claim knows what a pain it can be. From car accident claims to home damage after a storm, the mere act of reading your policy is a chore. The terms and definitions in your coverage seem to contradict one another—and to be honest, you’re not sure what the […]
Claim Denial: Suicide vs. Accidental Death
Someone you love has suddenly passed away. You’re in shock, heartbroken, and don’t know how you’re going to carry on. Then, you get a letter that accuses your family member of intentionally taking his own life. It may seem incredible, but it’s a common insurance company tactic. It’s especially common when victims had a particularly […]
How a Death at Home Can Affect Your Life Insurance Benefits
Your elderly relative was diagnosed with a terminal disease. She made one thing clear: she didn’t want to die in a hospital. You did the right thing. She came home, and you made her comfortable. You made sure she was exactly where she wanted to be. Today, more people with terminal illnesses are deciding to […]
How Does Wrongful Death affect my Life Insurance Claim?
You’ll never forget the day you got the phone call. Your father died. He was in a long-term care home, recently recovering from surgery. He was doing better, or so you thought. However, the attendant on the other end assured you that he died of old age. You hung up, dazed, and went through the […]
Life Insurance Benefits After a Death at Work
You don’t want to think about what will happen if your spouse dies unexpectedly. While you cannot prepare for the emotional trauma, you are at least well prepared for the financial difficulties. But what if the unthinkable happens, and you’re not as secure as you thought? If your spouse has died at work, your life […]
Statute of Limitations for Filing a Life Insurance Claim
When a life insurance company denies a claim, beneficiaries feel frustrated and angry. Unfortunately, many will pursue no further action. They will not receive the thousands of dollars their loved one paid into life insurance over the years, all due to an insurance company’s technicality: a missed payment, one missed signature, or an unexplained “filing […]
Retained Asset Accounts
Some Life Insurance Companies Abuse “Retained Asset Accounts” In some cases, instead of denying a life insurance claim outright, some life insurance companies hold a claimant’s cash in a retained asset account instead of making a full payout to the beneficiaries of the deceased account holder. A retained asset account is an account which earns […]
How To File A Life Insurance Claim
After the death of a loved one, seeking life insurance benefits can be overwhelming. But there a few simple steps you can take to make the task less daunting. Here’s how to file a life insurance claim. Locate the policy immediately after your relative’s death. While it can be overwhelming to deal with the death […]
Life Insurance Policy Cancelled After Death
Some beneficiaries find their loved one’s life insurance policy cancelled after death. While postmortem life insurance cancellation is not very common, it usually happens with young policies. Some states allow a company to cancel a policy within two years of issuing it. So, a policyholder who dies within two years can face postmortem cancellation. If […]