Our life insurance attorneys just resolved a $300,000 AIG life insurance claim that was denied due to a material misrepresentation on the application.
Many people pay life insurance premiums diligently for years, remaining confident in the fact that their future is secured. Unfortunately, too often, years later, when a loved one dies and a beneficiary files a claim with the insurance company, they find out the claim is denied.
Get Legal Expert Help
Our firm has handled thousands of claims, and we have been successful 100% of the time. When you speak with us, have a copy of your life insurance policy and any correspondence you have received from the insurance company in hand. Once you have retained us, do not communicate directly with the insurance company. Any attempts from the insurance company to discuss the matter should be referred to your attorney.
Know Your Policy
You need to familiarize yourself with the terms and conditions of your policy. Organize the records that you have so far: receipts of payments, the copy of the policy, and any communications that you have had with the company as well.
Request to speak with somebody who can explain to you why your claim was denied. Ask for the proper justification and clarification as well. If you still cannot agree with the reason/s as to why your claim was denied, then ask them to send you a certified copy of the policy, which you can read through as well.
Submit a form to the insurance company regarding your claim. You need to know that insurance companies are required to act within a specified time period. They should promptly acknowledge your claim, and act upon that as well. They will start an investigation as to why your claim was denied, and throughout the course of that investigation, you should be informed.
Remember that the insurance company should always give specific conditions about the denial. They simply cannot ignore your claim; but instead, resolve it based on fairness and impartiality.
When an insurance company conducts an inquiry into the demise of an insured individual and discovers the presence of a significant misrepresentation, they possess the authority to nullify the insurance policy. It is important to note that this action pertains to a contractual disagreement and does not imply any wrongdoing on the insurer's behalf. Engaging the services of a knowledgeable attorney specializing in life insurance can provide assistance in challenging the decisions made by the life insurance company.
In order to circumvent the lengthy duration and substantial costs associated with a trial, the insurance company may opt for an extrajudicial resolution of the issue. Should a settlement offer be extended, your legal representative will thoroughly review its terms and provide guidance regarding the advisability of accepting the proposed agreement.
Challenging denials of life insurance claims is a viable option, but it necessitates obtaining specialized guidance. By examining the specifics of your case, a seasoned life insurance attorney can assess the circumstances and offer suitable counsel.