Many life insurance policies offer special benefits, such as seat belt benefits, anti-inflation benefits, accidental death benefits and accelerated death benefits.

Accelerated death benefits differ from the rest of life insurance benefits in that they are offered to insureds during their lifetime. Accelerated death benefits are generally available to an insured who is terminally ill and has a life expectancy of two years or less (depending on the contract).

Unlike life insurance benefits that are paid to beneficiaries after an insured’s death, accelerated death benefits are payable directly to an insured and constitute an amount that is 20%-50% less than life insurance benefits.

In order to receive an accelerated death benefit, an insured must comply with certain requirements outlined in the life insurance contract. In the majority of cases, the insurance company will want a statement from the insured’s doctor which supports a finding of a terminal illness and determines what an insured’s life expectancy is.

Accelerated death benefits are designed to help terminally ill individuals pay for their medical care, at-home care and living expenses.

For those who stopped working due a terminal illness, an accelerated death benefit may be the only source of income they rely on. Needless to say, a denied accelerated death benefit claim may result in frustration and financial hardship for individuals who struggle with a terminal illness.

Filing a claim for accelerated death benefits should never be a do-it-yourself project, because the requirements for approval are often written in complex legal language that may be misinterpreted.

An incomplete claim or insufficient proof of documentation regarding the insured’s life expectancy and terminal illness may result in an accelerated death benefit denial.

While some insurers allow an insured to appeal a denied accelerated death benefit claim, many insurers refuse to consider an appeal of a denied accelerated death benefit claim.

An experienced accelerated death benefits attorney will assist you in filing a claim to ensure your benefits are paid promptly. At our firm, our accelerated death benefit attorneys have helped many terminally ill individuals collect their accelerated death benefits claims promptly.

We assist individuals in filing a claim for accelerated death benefits and gather all supporting documents and required medical records. We overview the process of the claim review and work with the insurer on a daily basis to ensure the claim is handled properly and in a timely manner.

We also assist those people who have filed an accelerated death benefit claim and it has been delayed by an insurance company and those individuals whose claims have been denied.

Since it is important to receive accelerated death benefits promptly, it is recommended that you work with an insurance attorney from the beginning of filing a claim.

Your chances of receiving accelerated death benefits are much higher if you are represented by counsel from the beginning of the process. However, if you filed a claim for accelerated death benefits and it was denied, our attorneys will appeal a denial quickly so that you receive the benefits as soon as possible.

If you intend to file a claim for accelerated death benefits, or if your claim has been denied, contact us at (888) 510-2212 for a free consultation.

Call (888) 510-2212 for a free consultation.