What To Do If My Life Insurance Claim Was Denied
Your life insurance claim was denied, now what do you do? Life insurance companies have a multitude of reasons to deny a life insurance claim. If this is the first time you are making a life insurance claim, it can be very stressful. However, if your life insurance was previously denied before for whatever reason, it can be challenging. Our nationwide life insurance lawyers have handled hundreds of denied life insurance claims on behalf of beneficiaries whose life insurance claim was denied. Call a life insurance lawyer at the Law Offices of Jason Turchin to see if you may still qualify for benefits for a denied life insurance claim.
We understand that the denial of a life insurance claim can be a stressful time. Life insurance is there to provide for your family and loved ones in the event of a death. Sometimes, however, a life insurance company may deny the claim. To see if you might qualify for compensation, call or chat with us today for a free consultation. There are no fees or costs if there is no recovery! You can reach us at (800) 337-7755.
Why would an insurance company deny a life insurance claim?
Some common reasons life insurance is denied include:
1) The Life Insurance Claim Gets Denied Due to Late Payment
Life insurance companies make money charging premiums for your life insurance. Life insurance company often require that you pay your premiums at a certain time or else the policy will lapse. If the life insurance claim gets denied due to late payment, we may still be able to help. Some state laws require a life insurance company to provide a specific notice to one or more people, and some states even require multiple notices to be sent. If the life insurance company fails to send the required notices, the policy benefits might still be payable.
2) The Life Insurance Claim Gets Denied Due to a Life Insurance Application Misrepresentation
Life insurance companies generally require you give honest answers on an application. If you omit or lie about information on your life insurance application, the life insurance claim could try to deny a life insurance claim due to a material misrepresentation. Life insurance companies may have underwriting guidelines and might not pay out if you have not been completely honest with them. That said, there are also many exclusions in the law which could require a life insurance company to pay the benefits. Sometimes, there may also be a dispute over what the insured knew at the time of the application. For example, if an insured saw a doctor because they “might” be sick, but no diagnosis was made until after the policy went into effect, the policy could be payable if the insured wrote in the application that they were not suffering from a specific disease. There might also be times where a doctor wrote a diagnosis in a report but never communicated the diagnosis to the insured. If the insured wrote that they did not have the disease and signed the application to the best of the insured’s knowledge and belief, the policy might still be payable.
3) The Life Insurance Claim Was Denied Due to a Life Insurance Dispute
Sometimes, life insurance disputes happen. Life insurance companies often have strict rules about who is eligible for the claim, and if you fell outside of those parameters, there is a chance your claim could be denied. Life insurance disputes are often complex and can be very frustrating. Life insurance disputes often involve life insurance payouts to minors, life insurance payouts after a suicide, failure of a policy owner to remove an ex-spouse as beneficiary, and last minute beneficiary changes when an insured is very sick or senile.
4) The Life Insurance Claim Gets Denied Due to a Failure to Receive Premiums
Life insurance benefits might be denied if a life insurance company claims they didn’t receive the premium payment. If you have proof of payment, you might still be entitled to the benefits even though the life insurance company lost the payment.
5) Your Life Insurance Claim Was Denied Due to an Inability to Identify the Life Insurance Beneficiary
Life insurance companies use the life insurance application beneficiary designation to determine the life insurance beneficiary unless a change was later made. If there is a discrepancy, the life insurance company may ask questions or even deny your claim. Life insurance companies will often not pay out if they can’t identify who is supposed to receive the life insurance proceeds. Life insurance claims can be denied due to an inability to identify who is entitled to receive the life insurance claim funds. This often happens where there is a former spouse and no contingent beneficiary listed, or a mistake on an application or beneficiary change. When there is no beneficiary, our life insurance lawyers can open an Estate to make the claim for you. If the beneficiary is a minor, we can assist with opening up a Guardianship over the property to make the life insurance claim. If there is an interpleader lawsuit filed for life insurance benefits, we can represent you to fight for the benefits you deserve.
If your Life Insurance Claim Was Denied, You May Still Have Options to Recover Benefits on a Life Insurance Claim
Contact a life insurance lawyer at the Law Offices of Jason Turchin today at (800) 337-7755 for a free, no-obligation consultation to see if you might qualify for life insurance benefits. There are no fees or costs if there is no recovery.
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