Life Insurance Claim Investigation: What Happens and How Long It Takes

life insurance investigation

Life insurance provides financial protection to individuals and their families in the event of their unexpected death. When an insured person dies, the designated beneficiaries file a claim with the insurance company to receive the benefits of the policy. However, before the claim is paid out, the insurance company conducts a thorough investigation to ensure […]

Contesting a Life Insurance Beneficiary Designation

contesting life insurance beneficiary

Life insurance is essentially a contract between the insured policyholder and the insurance company. Life insurance payout works by being governed by policy terms and state or federal laws. Laws surrounding contracts, estate planning, family, divorce, child support, trusts, and wills may all come into play after a person’s death.

How Does Life Insurance Payout Work After Death?

what is a death benefit

Life insurance has become one of the most popular long-term financial planning tools as it provides financial support when the family needs it. However, navigating life insurance claims review can be quite confusing. While it seems pretty straightforward, it is not always the case. There are a lot of factors along the way that can […]

Does Life Insurance Cover Suicidal Death? Lawyers Explain if the Policy Will Pay Out

does life insurance cover suicide

With suicide rates increasing in the United States, insurers take measures to protect themselves against individuals who buy policies while intending to commit suicide so that their loved ones could benefit from the life insurance payout. This means that there are circumstances when companies may refuse to pay out, leaving the family not only grieving […]

How Long Does a Beneficiary Have to Claim Life Insurance Policy After Death?

lawyer for life insurance claim

When people lose a loved one, they usually go through a difficult readjustment during which financial matters such as life insurance and estate matters may be put on hold. Sometimes the beneficiary may not even know the decedent had life insurance or named them as a beneficiary.  What happens when they discover there is life […]