Life Insurance Lawyer New Orleans Louisiana

Our New Orleans Louisiana life insurance lawyers are here to help. We serve all states. Free consultation. No fee unless settlement.

Life insurance claims can be denied for various reasons, with one common cause being the failure to disclose critical information during the application process. Insurers rely heavily on the accuracy and completeness of the information provided by the policyholder. If the insured individual withheld or misrepresented important details such as their medical history, lifestyle habits, or occupation, the insurer may deny the claim based on the grounds of material misrepresentation.

Additionally, if the policyholder dies within the contestability period, typically the first two years of the policy, the insurer has the right to investigate the validity of the application thoroughly. During this period, if the insurer finds discrepancies or inaccuracies in the application, they may deny the claim. For instance, if the insured individual failed to disclose a pre-existing medical condition that contributed to their death, the insurer might consider it as grounds for denial.

Moreover, if the cause of death falls under specific exclusions outlined in the policy, the claim could be denied. Common exclusions include death due to suicide within the first policy year or death resulting from illegal activities. If the circumstances surrounding the death of the insured individual align with any of these exclusions, the insurer may refuse to pay out the claim to the beneficiaries.

Beneficiary disputes can also lead to denied life insurance claims. If there is ambiguity or disagreement regarding who the rightful beneficiaries are, or if there are competing claims from different parties, the insurance company may withhold the payout until the matter is resolved. This can result in delays and potential denials if the disputes escalate into legal battles or if the policy lacks clear instructions on beneficiary designation.

Furthermore, failure to pay premiums can lead to policy lapses, rendering the coverage void. If the insured individual neglected to pay premiums on time or allowed the policy to lapse due to non-payment, their beneficiaries would not be entitled to the death benefit. Even if the policyholder had paid premiums diligently for years, a missed payment or failure to renew the policy can result in a denied claim, leaving beneficiaries without the intended financial protection. Therefore, ensuring timely premium payments is crucial to maintaining the validity of the policy and securing the intended benefits for the beneficiaries.

2023-2024 New Orleans Louisiana Denied Life Insurance Claims Resolved

SGLI Air Force change of beneficiary $400,000.00
Geico car accident alcohol denial $110,000.00
New Orleans COVID death rejection $300,000.00
CIncinnati Life interpleader case $255,000.00
Union Central Life coronavirus death $24,000.00
Unum felony exclusion denial $126,000.00
New Orleans Louisiana denied life insurance claim $25,000.00
Life Investors insurance key person $290,000.00
NYLife Insurance Company of Arizona Key Man $469,000.00
John Hancock beneficiary dispute $200,000.00
State Farm long delay of claim $111,000.00
Progressive Life suicide exclusion $102,000.00

Interpleader Lawyer New Orleans Louisiana

John, the deceased, had a life insurance policy worth $1 million. He named his spouse, Sarah, as the primary beneficiary. However, John also had two children from a previous marriage, Emily and Michael, whom he forgot to update as beneficiaries after his divorce. Unfortunately, John passed away due to a sudden heart attack.

Sarah, as the named beneficiary, filed a claim with the insurance company to receive the death benefit. However, upon investigation, the insurance company discovered the oversight regarding the beneficiary designation. They denied Sarah's claim until the issue of rightful beneficiaries could be resolved.

Both Sarah and John's children, Emily and Michael, assert their rights to the life insurance proceeds. Sarah argues that she was John's current spouse and should receive the benefit as the primary beneficiary, while Emily and Michael claim that they are entitled to a portion of the proceeds as John's children.

In this case, an interpleader lawsuit may be initiated by the insurance company. They would deposit the $1 million policy benefit into court and ask the court to determine the rightful beneficiaries. This action relieves the insurance company from liability and ensures that the proceeds are distributed correctly.

The lawsuit would involve all relevant parties - Sarah, Emily, and Michael. Each party would present evidence supporting their claim to the proceeds. The court would consider factors such as John's intent, any agreements between John and Sarah regarding the life insurance, and the legal rights of John's children.

Ultimately, the court would make a judgment on how to distribute the funds. It might rule that Sarah is entitled to a portion as John's spouse, while the remaining amount would be divided between Emily and Michael as his children.