Group Life Insurance Conversion Rights Upon Termination of Employment
When individuals have a life insurance policy provided by their employer, such life coverage is called group life insurance. When the insured stops working for the employer, continuous coverage may be available if the group plan offers a Conversion option that allows the insured to convert their group coverage into an individual policy. This privilege […]
Life Insurance Beneficiary vs. Will: Does the Policy Designation Override the Will?
A person’s overall financial plan should include many components to explain how the distribution of the financial assets should be carried out. Since there are so many different components to the estate plan, they can sometimes create confusion as to who receives what, and lead to family disputes. Two most common areas of estate disputes […]
How Long Does it Take for Life Insurance to Pay Out: Lawyers Explain How to Get Your Money Fast
The death of a loved one is a painful and overwhelming time. While coping with the loss of a loved one and making final arrangements, the last thing people want to think about is whether death benefits will be paid and how long it will take for the life insurance company to pay. Having information […]
ERISA Beneficiary Designation: What You Need to Know if Your Life Insurance Claim Is Disputed
Beneficiary designation determines who receives the death benefit when the insured dies. Although distributing the proceeds should be a straightforward process, very often it is not. Individual life insurance policies are often subject to beneficiary disputes which are settled according to state law. Group life insurance policies, however, are not usually governed by state laws […]
Life Insurance Beneficiary Rights After a Divorce: Can an Ex-Spouse Collect Life Insurance Benefits?
Questions about ex-spouses’ rights to the life insurance policy of their deceased former spouse come up very frequently in our practice. This area of law can be quite confusing, so to help you understand the legal intricacies involved in the process of claiming the payout, our lawyers explain everything you need to know about the […]
Life Insurance and Marijuana: Do Policies Cover Cannabis-Related Deaths?
If your life insurance claim has been denied, you may feel confused and frustrated. After all, the essence of a life insurance policy is in the insurer’s promise to make a payout upon the insured’s death.
Life Insurance and Coronavirus: Do Policies Cover Deaths From the COVID-19 Pandemic?
Millions of people have died due to the COVID-19 pandemic worldwide leaving grieving families, many of them under financial stress. For those of them whose loved ones owned a life insurance policy, a new question arose – does life insurance cover pandemic-related deaths? Do life insurance companies pay out COVID-19 death benefits?
Life Insurance Beneficiary Rights: What You Should Know if an Insurance Company Denied Your Claim
Beneficiaries are individuals who are named on life insurance policies as recipients of the benefits when the insured person dies. Most of the time, beneficiaries know they have been designated as the benefit recipients but they do not know their rights regarding policy information, time frame for filing a claim or interest payable on the […]
Things to Consider Before Hiring a Life Insurance Lawyer
When a loved one dies and your life insurance company denies your life insurance claim, you need an experienced life insurance lawyer on your side. The right life insurance attorney can get your denied life insurance claim paid fast. There are several things you need to consider when you search for an attorney who deals […]
Life Insurance Law Definition
What is life insurance law? What type of law firms resolve life insurance disputes? Where should I start my research? Many people do not have to deal with life insurance law or attorneys who practice it. However, if you are one of the people who have been turned down by a life insurance company after […]