Florida Life Insurance Laws: Attorney Explains the Rules Policy Beneficiaries Should Know About
Life insurance laws differ from state to state. While some states have minimum safeguards, others have a wide range of rules against wrongful life insurance claim denials. Florida offers many protections for life insurance beneficiaries whose claims have been delayed or denied for various reasons. Florida life insurance laws protect policyholders 64 and older against […]
ERISA Litigation: How to Deal With ERISA Lawsuits and Settlements
ERISA is a complex federal law that controls many group life insurance plans and affects the way attorneys handle claims, appeals, and litigation. Among the many rights the law gives to plan members and participants is the right to bring a suit to recover plan benefits.
What Is an Accidental Death Benefit: Definition and Examples of When a Death Is Considered an Accident for Insurance Purposes
Accidental death coverage is offered to provide a payment in case an insured person dies as a result of an accident. The subject of what is considered an “accident” in the life insurance field is often subject to great disputes as policy contracts and laws in different states provide varying definitions of the word “accident.” […]
Accidental Death Claim Denials: What to Do if Your AD&D Claim for Benefits Was Denied
Accidental death policies are designed to provide financial support to beneficiaries when the insured dies due to an accident. Unfortunately, as with many life insurance policies, accidental death claims can be delayed or denied. This happens because insurance companies routinely apply numerous exclusions regarding accidental deaths.
Can a Minor Be the Beneficiary of a Life Insurance Policy: What Happens if the Payment Is Left to a Child?
Ensuring children’s financial security is one of the main reasons people buy life insurance. That is the reason many policyholders think about naming them as the policy’s beneficiaries. While children can be named beneficiaries, the process of receiving payment can often get complicated.
Does Life Insurance Cover Accidental Drug Overdose?
Both life insurance and accidental death insurance can cover accidental drug overdose in some scenarios. While life insurance covers most causes of death, accidental death coverage pays only for accidents. People buying accidental death coverage often think that this type of insurance covers any accident as long as the person did not die of natural […]
Does Life Insurance Cover Murder: Will the Policy Pay Beneficiaries in Homicide Cases?
Life insurance is one of the main financial tools Americans use to ensure the wellbeing of their families once they pass away. As such, policy proceeds rise to hundreds of thousands and even millions of dollars. It is not uncommon for this to be an incentive and lead people to murder the insured to get […]
Beneficiary of Life Insurance Policy Is Deceased: What Happens and Who Receives the Proceeds?
Typically, life insurance policies are straightforward: once the insured dies, the insurance company pays the death benefit to the primary beneficiary, whether it is a person or an entity. However, things can get very complicated when it is not clear to whom the proceeds will go. What happens with a life insurance policy when no […]
Life Insurance After Termination of Employment: What Happens to Life Insurance Money After You Leave a Job?
When individuals are covered by group life insurance plans provided by employers, they enjoy low premiums and do not have to worry about remembering to make a premium payment on time because premiums are usually withdrawn from their paychecks.
California Life Insurance Lapse: Lawyer Explains the Law and the Insurance Company’s Duties
One of the most common reasons life insurance coverage is denied is that the policy lapsed due to nonpayment of premiums. While some of these denials are valid, many of them are not. Policyholders have to pay premiums on time to avoid policy lapse but what is not clear to many policyowners is what rules […]