People obtain life insurance policies as part of financial planning for their loved ones’ future.
Life Insurance Contestability Period: What to Do if the Insurer Contested Your Claim Under the Two-Year Clause?
Typically, life insurance companies pay out the policy proceeds as soon as the policyholder dies and the beneficiaries file a claim. However, if the death occurs within the first two years since the policy issue date – also known as the contestability period – the insurer is entitled to review the application answers for any […]
How Long Does It Take for Life Insurance to Pay Out Death Benefits? Lawyers Explain How to Get Your Check Fast
The death of a loved one can put the family under financial stress. While coping with the loss, the last thing you need is to worry about whether you will be paid the death benefits or if they will be paid on time. A life insurance claim that has been delayed may put a beneficiary […]
Life insurance has become one of the most popular long-term financial planning tools. To use it effectively, you need to know how and when life insurance payouts are made to beneficiaries and how quickly benefits will be paid.
Life Insurance Claim Denial Due to Material Misrepresentation on Application: What to Do When Your Claim is Under Review?
There are many reasons life insurance companies will not pay out. One of the most common ones is claiming that the insured made material misrepresentations on their application for life insurance.
Life insurance companies routinely deny claims due to non-payment of premiums. While some of these denials are valid, many of them are not. Everyone knows that policyholders have a duty to pay premiums on time to avoid policy lapse, but what is not clear to many policyowners is what rules life insurance companies need to […]
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 […]
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.
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 […]
What Is an Interpleader Action? Life Insurance Attorneys Explain What to Do if You Are a Party in an Interpleader Lawsuit.
Typically, receiving a life insurance benefit is a straightforward process: when the insured dies, the life insurance company pays the policy proceeds to the named beneficiary. In reality, however, circumstances surrounding the payout can become very complicated. One of the most common issues leading to a delayed claim is a dispute between claimants. This occurs […]