We are happy to announce a successful resolution of a $50,000 denied life insurance claim.
What are some differences between challenging denied life insurance claims through work and challenging private policies?
- Employer involvement: If you have a group life insurance policy through work, your employer may be involved in the claims process, whereas with a private policy, the insurer is the primary point of contact.
- Policy terms: The terms and conditions of group life insurance policies provided through work may differ from those of private policies.
- Coverage amount: Group life insurance policies provided through work may have a lower coverage amount than private policies.
- Underwriting process: The underwriting process for group life insurance policies through work may be less stringent than for private policies.
- Application process: The application process for group life insurance policies through work may be simpler and require less medical information than for private policies.
- Premiums: Group life insurance policies through work may have lower premiums than private policies due to group discounts.
- Portability: Group life insurance policies through work may not be portable, meaning that the coverage ends when employment ends.
- Flexibility: Private policies may offer more flexibility in terms of coverage amount, length of coverage, and policy features.
- Medical exams: Private policies may require a medical exam as part of the underwriting process, while group life insurance policies through work may not.
- Benefit payouts: Group life insurance policies through work may have specific benefit payouts, such as a multiple of salary, while private policies may have more flexible payout options.
- Renewability: Private policies may be renewable, allowing you to extend your coverage beyond the initial term, while group life insurance policies through work may not be renewable.
- Waiver of premium: Private policies may offer a waiver of premium feature, which allows you to stop paying premiums if you become disabled, while group life insurance policies through work may not offer this feature.
- Conversion options: Private policies may offer conversion options, allowing you to convert your term life policy to a permanent policy, while group life insurance policies through work may not offer this option.
- Competition: Private policies are subject to more competition than group life insurance policies through work, which may result in more affordable premiums and better policy features.
- Agent involvement: Private policies may involve an insurance agent who can provide guidance and support during the claims process, while group life insurance policies through work may not.
- Time constraints: The time constraints for challenging a denied life insurance claim may differ between private policies and group life insurance policies through work.
- Policy exclusions: The exclusions in private policies may differ from those in group life insurance policies through work.
- Beneficiary designations: Beneficiary designations may be handled differently between private policies and group life insurance policies through work.
- Appeals process: The appeals process for challenging a denied life insurance claim may differ between private policies and group life insurance policies through work.
Contact our top life insurance lawyers if you have a delayed or denied life insurance claim.