Insurance is vital to a family’s financial health. You buy affordable vehicle insurance and homeowner’s insurance to cover expensive damages or full replacement. Life insurance is a different instrument in that it cannot replace a loved one, but it can help ease significant economic loss to a family. Insurance is different compared with almost every other consumer product you buy. Insurance is a promise to pay you in the future if something happens.
You count on your life insurance carrier to honor its promise to pay a life insurance claim when the need arises. When an insurance company unfairly denies your claim, an experienced attorney can protect your rights and manage the stressful situation while you’re grieving. And most important work hard to help secure the benefits you paid for in your time of need.
Our Boston insurance claim Lawyers will provide a complimentary review of the insurance policy and discuss the facts and law applicable to you.
If your life insurance claim is rejected, sometimes the insurance company provides a detailed explanation. Some companies are notorious for providing very little information in the letter you receive. If the insurance company rejects your claim, the insurer should explain why the death benefit will not be paid. Unfortunately, not all insurance companies do.
Most claims get paid without a problem. But common reasons for denying a claim are:
- The insured died during the contestability period which is often the first two-years of coverage.
- The policy lapsed because premiums were not timely made.
- The insured lied on the insurance application.
- The beneficiary unlawfully caused the insured’s death.
For example, if the insured stated on his application that he was not a smoker, and the insured died from an illness that is caused by smoking, the claim is unlikely to get paid. Life insurance policies include a suicide clause, which denies the death benefit if the insured dies due to self-harm within the first two-years of buying a policy. The two-year limitation varies and may not be applicable if the insured is “insane.”
If the life insurance beneficiary, she will not get paid. Most states have a Slayer Statute. In simplest terms, the law a killer cannot inherit from their victim. The law covers life insurance beneficiaries in addition to other types of assets. Some state Slayer Statutes are broad enough to include broad forms of causation, whether criminal or civil, or intentional or negligent; not just murder The purpose behind the Slayer Statute is to prevent killers from profiting from their misdeeds.
CONTEST THE INSURANCE COMPANY’S GROUNDS FOR DENYING BENEFITS.
You count on your life insurance carrier to honor its promise to pay a life insurance claim when the need arises. When an insurance company unfairly denies your claim, an experienced Boston insurance claim attorney can protect your rights. With our extensive experience, fighting unfair life insurance claim denials Jonathan M. Feigenbaum can help you secure the life insurance benefits you deserve. We have collected benefits in circumstances including insurance companies that have argued that benefits need not be paid for grounds including, alcohol abuse, drug abuse, incorrect statements on applications, coronary artery disease, smoking, a pre-existing medical condition and many others. Call us if you need assistance. Let us provide a complimentary review of the insurance policy and discuss the facts and law applicable to you.