We are happy to announce a $321,000 denied life insurance claim won.
What are some reasons for a denied life insurance claim
Here are 50 potential reasons:
- The policy lapsed due to non-payment of premiums.
- The policy was cancelled.
- The cause of death was excluded from the policy.
- The insured lied on their application.
- The insured committed suicide within the contestable period.
- The insured died while committing a crime.
- The insured died while participating in a high-risk activity.
- The insured died while under the influence of drugs or alcohol.
- The insured died while traveling to a high-risk location.
- The policy was not in force at the time of death.
- The policy had not been in force for the required waiting period.
- The beneficiaries were not properly designated.
- The beneficiaries were not notified of the policy.
- The beneficiaries were minors at the time of the insured's death.
- The beneficiaries were not legally entitled to receive the policy proceeds.
- The beneficiaries were not named in the policy.
- The policy was a group policy and the insured was no longer part of the group.
- The policy was a term policy and had expired.
- The policy was a permanent policy and had been surrendered.
- The policy was a joint policy and the other insured had died.
- The policy was a key person policy and the insured was not a key person.
- The policy was a business continuation policy and the business no longer existed.
- The policy was a buy-sell agreement and the agreement was not properly executed.
- The policy was a modified endowment contract and had not been properly funded.
- The policy was a viatical settlement and had not been properly structured.
- The policy was a stranger-originated life insurance and was deemed illegal.
- The policy was a credit life insurance and the loan had been paid off.
- The policy was a group credit life insurance and the insured had left the group.
- The policy was a creditor-placed insurance and the borrower had coverage elsewhere.
- The policy was a mortgage life insurance and the mortgage had been paid off.
- The policy was a juvenile life insurance and the insured had reached adulthood.
- The policy was a senior life insurance and the insured had passed away before the waiting period.
- The policy was a funeral insurance and the funeral costs had already been covered.
- The policy was a final expense insurance and the expenses had already been covered.
- The policy was a guaranteed issue insurance and the insured did not meet the eligibility criteria.
- The policy was a simplified issue insurance and the insured did not pass the health questionnaire.
- The policy was a fully underwritten insurance and the insured was found to have undisclosed health conditions.
- The policy was a retroactive insurance and the insured's medical history was not accurately reported.
- The policy was a term conversion insurance and the conversion had not been properly executed.
- The policy was a variable life insurance and the investments had performed poorly.
- The policy was a universal life insurance and the cash value had been exhausted.
- The policy was a whole life insurance and the dividends had been insufficient.
- The policy was a no-exam insurance and the insured had health conditions that would have been discovered through an exam.
- The policy was a no-questions-asked insurance and the insured had undisclosed health conditions.
- The policy was a term life insurance and the insured had died after the term had expired.
- The policy was a guaranteed renewable insurance and the insured had not paid the increased premiums.
- The policy was a non-guaranteed renewable insurance and the insurer had chosen not to renew the policy.
- The policy was a return of premium insurance and the insured had cancelled the policy before the end of the term.
- The policy was a survivorship insurance and the second insured had not yet passed away.
- The policy was a group survivorship insurance and the surviving insured was no longer part of the group.