Denied Life Insurance Claims Due to Foreign Death: Will the Policy Pay if the Insured Dies in Abroad?
Traveling or living abroad are factors life insurance companies take into consideration when assessing an applicant’s eligibility or premiums. While most policies cover foreign deaths, there are specific circumstances when they might not. Since the COVID-19 pandemic still affects travel and quarantine orders worldwide, insureds could get stuck outside the US for an extended period. […]
Life Insurance Beneficiary Rules for a Spouse: Can a Husband or Wife Override the Policy?
A life insurance policy is a contract between the insurance company and the owner of the policy. This contract outlines rules about naming, changing, or removing beneficiaries. A beneficiary is a person who is named in this contract as a recipient of the life insurance proceeds in the event of the insured person’s death. The […]
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 […]
Material Misrepresentation in Life Insurance Application: What to Do When Your Claim Is Denied
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.
What Is the Death Benefit of a Life Insurance Policy and How Does It Work?
People buy life insurance policies to provide financial support to their loved ones once they die. This makes the death benefit the most important part of the policy. But what is the death benefit exactly and how does it work? These are questions life insurance beneficiaries should ask to ensure they can collect their insurance […]
How Life Insurance Works: What Beneficiaries Must Know About Receiving the Death Benefit
Losing a loved one is never easy, and it can be especially difficult to navigate the financial aspects of their passing. If your loved one had life insurance, you might be wondering how the death benefit works and what steps you need to take to receive it. In this blog post, our life insurance lawyer […]
Do I Need to Split Life Insurance with Siblings: Does a Beneficiary Have to Share Death Benefits With Siblings?
In general, a beneficiary of a life insurance policy does not have to share the death benefits with siblings unless the policy specifically designates that the benefits are to be split among siblings or if there is a court order indicating a split. When a policyholder designates a beneficiary, such as a spouse or child, […]
Can You Sue a Life Insurance Company for Denying Your Claim?
If you believe you are entitled to life insurance benefits, and the insurance company has denied your claim, you have the right to challenge their decision in court and sue the insurance company for the wrongful denial of benefits. Consult with an experienced attorney who specializes in life insurance law to assess your case. In […]
Can You Sue for Life Insurance Proceeds?
Beneficiaries can sue for life insurance proceeds if they believe that the insurance company is wrongfully denying their claim. If the beneficiaries believe that the insurance company has breached the policy contract or state/federal laws, acted in bad faith, or otherwise acted improperly, they can file a lawsuit to recover the life insurance proceeds. Before […]
Dying Right After Buying Life Insurance: What Happens if the Insured Dies Shortly After Getting the Policy?
Buying life insurance is an important step in ensuring your loved ones are protected financially in the event of your unexpected death. However, what happens if you pass away shortly after purchasing your policy? This can be a troubling thought, but it is important to understand what happens in such a situation. In this blog […]