How Does Life Insurance Work?
Individuals who want to protect and provide for their loved ones in life as well as in death typically consider purchasing a life insurance policy. In simple terms, life insurance is a type of contract between you and an insurance company. In exchange for monthly payments, the insurer will provide a settlement to your loved… Continue Reading →
How Does a Divorce Impact Life Insurance Claims?
When you are going through a divorce, changing your life insurance beneficiary may not be a top priority. Getting divorced can mean dealing with custody arrangements, negotiating over assets, and determining child support. You may even be moving from your family home. It is only natural that individuals simply forget about their life insurance during… Continue Reading →
How Can I Prevent A Life Insurance Claim Denial?
When we set up life insurance for the protection of our loved ones, we want to have peace of mind knowing that our sudden passing would not cause our family any financial hardship. We hope that our loved ones will receive the benefits they deserve in a timely manner and without excessive complications. Unfortunately, insurance… Continue Reading →
What are Accelerated Death Benefit Claims?
In a life insurance policy, death benefits typically refer to benefits recoverable by beneficiaries upon the death of the policyholder. However, an individual setting up life insurance can also add an accelerated death benefit rider to their insurance policy. This is also sometimes called a “living benefit.” For example, if a policyholder becomes terminally ill,… Continue Reading →
What Are Common Causes of Death That Insurance May Not Cover in A Life Insurance Claim?
Taking out a life insurance policy should leave anyone with peace of mind and safety in the knowledge that when we pass away, our nearest and dearest are provided for. However, even if a policyholder diligently paid premiums for many years, their family could be left with nothing when they die. Policyholders of life insurance… Continue Reading →
What Do I Do If My Life Insurance Claim is Denied?
Having a life insurance claim denied can be devastating. Not only do life insurance proceeds typically consist of large amounts of money, but these sums of money were often put into place to cover a beneficiary for life’s significant expenses over extended periods. On top of it all, a life insurance claim denial will often… Continue Reading →
What Tactics Do Life Insurance Companies Use to Deny a Claim?
A denial of life insurance benefits can often have devastating consequences on a family. Especially following the death of a loved one, a denial of benefits can be shocking and overwhelming to a family or individual counting on those proceeds. But denials do occur because the life insurance companies will look out for their own… Continue Reading →
What is the Contestable Period of a Life Insurance Policy?
Unfortunately, in terms of Louisiana life insurance claims or any life insurance claims really, the “contestable period” (or “contestability period”) is not good for policyholders or beneficiaries. The very word contestable brings up images of a fight, challenge, or dispute, which are the last things a beneficiary of a life insurance policy wants to hear… Continue Reading →
How Can a Lawyer Help with a Life Insurance Claim Denial?
During the initial process of paying out life insurance policies, the life insurance companies have all the power. Not only are they the initial deciders of whether to pay or deny a claim, but the life insurance companies have all the knowledge, power, and resources at their behest. These multi-billion-dollar life insurance companies are self-assured… Continue Reading →
How Can I Appeal A Life Insurance Claim Denial?
Unbelievably, it is estimated that approximately $1.4 billion of life insurance claims get denied every single year. This is a shocking amount, but this can in no way compare to the shock of opening a claim denial letter from a life insurance company. A policyholder purchases the peace of mind that when he or she… Continue Reading →
What Should I Do When the Insurance Company Is Delaying My Life Insurance Claim?
Filing for life insurance proceeds can be a difficult process to go through, especially while grieving the recent loss of a loved one. Delays in paying out the life insurance policy can make this trying time even more challenging. Though in some circumstances, the life insurance companies will promptly pay out a life insurance claim… Continue Reading →
Can a Life Insurance Claim Be Denied If the Life Insurance Agent Makes a Mistake?
Folks who want to protect and provide for their loved ones in life regularly purchase life insurance policies to do just that. During the process of obtaining life insurance, these folks looking to obtain that peace of mind place a great deal of trust in the life insurance agent handling the application for insurance. However,… Continue Reading →
What Does It Mean If a Life Insurance Claim is Denied for a Material Misrepresentation?
Few things are more heart wrenching and demoralizing than receiving a denial from a life insurance company. Life insurance claim denials usually come at the worst of times, when a beneficiary and his or her family are still grieving the loss of the policyholder. Typically, a life insurance denial comes in the form of a… Continue Reading →
Can I Deposit My “Rescission” Refund Check for a Denied Life Insurance Claim?
Receiving a claim denial letter from a life insurance company is heart-wrenching. Typically, a life insurance claim denial letter arrives after months of delays during a period in which the beneficiary family is still grieving the loss of their loved one. Often, this beneficiary family is counting on these life insurance proceeds. So, reading that… Continue Reading →