If your loved one’s life insurance company asserts it did not receive a premium payment on time and terminated your policy, you may have been told your life insurance claim has been denied. It’s critical to know, however, that a lapse in payment does not necessarily mean you cannot collect life insurance benefits. In fact, […]
As life insurance lawyers, we recognize that many families use life insurance policies as the keystone of their financial planning. A beneficiary should receive the proceeds very soon after a life insurance policyholder dies. Many other death benefits may require months—sometimes even years—while the estate passes through the probate process. The swift settlement process make […]
Beneficiaries do not need to hire a life insurance lawyer. Life insurance companies will most often pay benefits with little fuss or delay. You can expect to have little or no trouble getting the payment you deserve as a beneficiary when the: Policy has been in force for decades and premiums have been paid regularly. Face […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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. They take this step instead of making a full payout to the beneficiaries of the deceased account holder. A retained asset account is an account which earns interest for the insurance […]