We are pleased to announce a $156,000 life insurance claim denial successfully resolved for our client.
What happens if a life insurance company doesn't process a change of beneficiary form?
If a life insurance company receives a change of beneficiary form but fails to process it before the insured person's death, this could potentially lead to a dispute over who is entitled to the death benefit.
In such a case, the beneficiaries named in the original policy would be entitled to the death benefit, unless there is evidence to suggest that the insured person intended to change the beneficiaries and that the insurance company was negligent in failing to process the change of beneficiary form.
The evidence required to support a challenge to the insurance company's failure to process a change of beneficiary form would depend on the specific circumstances of the case. Generally, it would be necessary to demonstrate that the insured person took affirmative steps to change the beneficiaries, such as completing and submitting a new form, and that the insurance company failed to act on the request. Evidence may also include correspondence or other documentation showing that the insured person intended to make the change.
If there is sufficient evidence to support a claim that the insurance company was negligent in failing to process the change of beneficiary form, the beneficiaries named in the original policy may either lose the benefits, or be required to share the death benefit with the new beneficiaries named in the change of beneficiary form.
If there is a dispute over the distribution of the death benefit, it may be necessary to seek the assistance of a life insurance attorney from our law firm to resolve the matter through negotiation or litigation.
We handle all life insurance disputes and win!