A material misrepresentation is the intentional or unintentional concealment of relevant information. In the context of life insurance, it often refers to the failure to disclose important health information on the life insurance application. State laws permit insurance companies to rescind (cancel) a life insurance policy issued within two years of the policyholder's death if there was a material misrepresentation on the application. However, many insurance companies use this provision as a reason to deny valid claims, even in cases where there is no misrepresentation.
How Material Misrepresentation Affects Life Insurance Claims
Material misrepresentation can lead to life insurance claims being denied, especially when the insurer argues that the policyholder failed to disclose critical health information that would have affected their eligibility or premium rate. While these laws exist to protect insurers from fraud, they can sometimes be abused, resulting in legitimate claims being denied.
If your life insurance claim has been unjustly denied due to a material misrepresentation, you may feel frustrated and overwhelmed. However, you do not have to accept the denial. There are steps you can take to fight back and protect your rights.
The Importance of Legal Representation
Settling a life insurance claim on your own may seem like a quick way to resolve the issue, but it often results in a significantly lower payout, if any payout at all. Navigating the complexities of life insurance claims, especially when they are delayed or denied, can be daunting—especially for those who are grieving the loss of a loved one.
Our life insurance attorneys are here to help. We specialize in protecting your rights and fighting back against the tactics of insurance companies. We can help you navigate the complicated procedures, prepare your case, and know when and how to pursue the proper legal actions. Our team will work to keep the pressure on the insurance company and ensure they fulfill their contractual obligations.
How We Can Help With Your Denied Claim
We understand how insurance companies operate and the tactics they use to avoid paying claims. With extensive experience dealing with insurers, our life insurance lawyers are well-equipped to handle settlement negotiations or litigation. Our team will conduct a thorough review of your claim, evaluating the facts and circumstances to determine if you have a valid case. If your situation meets our criteria, we will guide you through the next steps, offering expert advice with no upfront costs or obligations.
Contingency Fee Structure: No Win, No Fee
Our firm works on a contingency fee basis, meaning you do not owe us anything unless we win your case. There are no pre-payment requirements, and we cover the expenses necessary to investigate and prosecute your claim. Our legal fees are paid exclusively from the funds we recover for you. This arrangement ensures that you can access experienced legal representation without any financial risk.
Don’t Wait: Contact Our Life Insurance Attorneys Today
Dealing with a denied life insurance claim can be stressful, but with the right legal team on your side, you can fight back. Contact our life insurance attorneys today for a free consultation. We will help you understand your legal options, evaluate your claim, and work to get you the benefits you deserve.