Life Insurance Lawyer Richmond Virginia

1. Contestability period: Most life insurance policies have a contestability period of two years during which the insurer can investigate and deny a claim if they find any material misrepresentation or omission in the policy application.

2. Suicide exclusion: Most life insurance policies have a suicide exclusion, which means that the policy will not pay a death benefit if the policyholder dies by suicide within a certain period after the policy is issued.

3. Non-payment of premiums: If the policyholder fails to pay premiums, the policy may lapse or be cancelled, and the insurer may not pay the death benefit.

To fight a delayed or denied life insurance claim, a lawyer would typically take the following steps:

1. Review the policy: The lawyer would review the life insurance policy and application to determine if the policyholder provided accurate and complete information about their health. If there were any inaccuracies or omissions, the lawyer would investigate the circumstances surrounding the application process.

2. Obtain documentation: The lawyer would obtain all relevant documentation related to the claim, including medical records and the policyholder's cause of death.

3. Challenge the insurance company's interpretation of the policy: The lawyer would challenge the insurance company's interpretation of the policy if they believe that the insurer is incorrectly applying policy provisions or exclusions.

4. Negotiate with the insurance company: The lawyer may negotiate with the insurance company to reach a settlement or agreement that is favorable to the policyholder.