Many people rely on insurance agents to help them with the life insurance application process, assuming that these professionals will ensure accuracy in their applications. However, there are unfortunate cases where an agent, either through negligence or an attempt to secure an approval, enters incorrect information on the application. The consequences of such errors can be devastating, as they can lead to denied claims. Our top life insurance lawyers fight these claims.
One of the most common reasons for denied life insurance claims is the misrepresentation of the applicant’s medical history. If an agent visits a client’s home, rushes through the paperwork, and, either intentionally or unintentionally, marks the applicant as having no history of high blood pressure, diabetes, or heart disease, the claim will certainly be denied. Life insurance applications require individuals to disclose details about their lifestyle, including smoking habits, alcohol consumption, and participation in risky activities like skydiving or scuba diving. In some cases, an agent might omit these details to help the applicant secure a lower premium. Life insurance policies often require applicants to disclose their income, debt, and overall financial situation to determine the appropriate coverage amount. Agents, in an attempt to expedite the approval process, may enter incorrect financial figures or omit certain details. For instance, a single mother applying for a policy may have an annual income of $50,000, but the agent incorrectly records it as $100,000 to qualify her for a larger policy. Years later, when she passes away, the insurer investigates and finds that the financial information was misrepresented. It may seem like a minor issue, but inaccuracies in personal details such as the applicant’s name, date of birth, or Social Security number can also lead to claim denials. In one case, a father of two applied for a life insurance policy, and his agent mistakenly entered the wrong Social Security number on the application. As a result, the claim was denied.
Our top life insurance lawyers will fight these agent error denied life insurance claims…and win! We handle delayed life insurance claims as well as denied ones. We handle all beneficiary disputes and life insurance interpleader lawsuits.