When a family member dies unexpectedly and you file a claim for life insurance benefits, you may be shocked to find out that the insurance coverage on your loved one had lapsed a long time ago. This may leave you frustrated and looking for answers.
This happened to our client whose life insurance claim was denied, because the policy had lapsed due to non-payment of premiums. Our client’s wife tragically died in a car accident. When he filed a claim for benefits, the insurance company responded by informing him that there was no life insurance coverage at the time of her death, because the policy had lapsed weeks before she died. Needless to say, our client was confused and shocked. He diligently paid premiums on the policy for many years. Our life insurance attorney successfully reversed the denial of the claim. The benefits were paid to our client within 2 months.
A lapse is a cancellation of a life insurance policy when a premium is not paid. To successfully appeal a denied life insurance claim, you need an experienced life insurance lawyer on your side. At Kadetskaya Law Firm, we fight large insurance companies that unfairly deny and delay life insurance claims. Call us at (888) 510-2212 for a free case evaluation.