Since the onset of the COVID-19 pandemic, life insurance companies have become notorious for denying and delaying claims. This global crisis has led to higher numbers of claims, and unfortunately, many companies have capitalized on the situation by using every excuse in the book to delay payouts. Common tactics include distorting the truth, ignoring autopsy reports, and coming up with reasons to either delay payments indefinitely or deny them outright.
The core strategy behind these delays is simple: insurance companies aim to frustrate you into giving up. The longer they make you wait, the more likely it is that you'll lose patience and drop the claim. Meanwhile, the company keeps your premium payments and makes money off the interest accumulated while you wait. In essence, they profit at your expense.
The Profit-First Mentality of Insurance Companies
Insurance companies make billions of dollars every year, often spending large sums on advertisements designed to build trust with customers. However, once you've paid premiums for years, those companies may turn their backs on you when you need them most. At this point, they use complex insurance terminology or convoluted legal loopholes to avoid paying out your claims.
The situation worsens when companies reward employees who successfully deny claims and punish those who approve too many. Some insurers even go as far as to engage in fraudulent practices to avoid paying legitimate claims. The company's focus is not on helping policyholders but on maximizing profits by denying as many claims as possible.
Insurance Companies Prey on Vulnerable Policyholders
Older individuals and those who are seriously ill are particularly vulnerable to these tactics. Insurance companies hope that elderly or ill policyholders either give up or pass away before they can make a successful claim. This is an unethical practice that takes advantage of people in their most vulnerable moments, adding unnecessary stress during a time when they should be focusing on grieving and healing.
How to Fight Back and Get the Benefits You Deserve
If your life insurance claim has been delayed or denied, you don't have to face the insurance company alone. You need an experienced life insurance lawyer to stand up for your rights. Going back and forth with the insurer can be frustrating, especially when you're dealing with the grief of losing a loved one. A skilled attorney can handle the legal red tape, investigate the claim denial, and fight on your behalf to ensure that you receive the death benefits your family is entitled to.
At our firm, we specialize in life insurance claims and have a proven track record of success. When we get involved, insurance companies know that we won’t tolerate their tactics and that we’ll expose their unethical behavior. Our attorneys are relentless in holding insurers accountable for wrongful denials and delays.
Let Us Handle the Stress So You Can Focus on Your Family
The death of a loved one is a deeply emotional and challenging time. Don’t let the insurance company make it worse by denying the benefits your family paid for. Let our experienced life insurance lawyers take over the process, so you can focus on grieving and supporting your loved ones. We work on a contingency fee basis, meaning we don’t get paid unless we win your case.
If you’re struggling to get the benefits you’re entitled to, contact us today for a free consultation. Our team is ready to fight for you and ensure you get the compensation you deserve.