Were You Affected by Life Insurance Cancellations in NJ During Covid? Contact us for a free case review.
Did you know that something buried in your medical records can lead to a life insurance denied claim, even years after your policy is issued? Insurance companies have more access to your health history than most people realize. Below I’ll explain how life insurers have access to your health information when they review it, and … Read more
Suppose you’re embroiled in a dispute over a loved one’s life insurance claim. In that case, it’s natural to have finances on your mind and a desire to recoup the exact dollar figure owed to you as the primary beneficiary on the policy. You know you’ll need a competent attorney in your corner, advocating on … Read more
Life Insurance Misrepresentation defined by a national life insurance beneficiary attorney. Material misrepresentation is an untrue statement or omission that affects an insurer’s decision whether to issue a life insurance policy, and if issuing the policy, what premium the insured will pay. Usually the omission or untrue statement is meant to work in the insured’s favor, … Read more
What to do when an applicant for an individual health policy failed to complete the application properly What happens when a life insurance application contains bad information? Wrong or false information can invalidate a life insurance policy. An insurance company can contest a life insurance contract due to application fraud. Even when a mistake is … Read more
Many causes of death are excluded from coverage in life insurance. Is murder one of them? Acclaimed national life insurance attorney Chad G. Boonswang discusses what happens to the death benefit if the policyholder is murdered. Murder is not an exclusion, and what happens to the death benefit depends upon whether the beneficiaries have any involvement in the policyholder’s … Read more
The general rule is that in many states divorce does not affect a beneficiary designation in a life insurance policy, however, in some states it does. Sometimes a divorce decree will override a previously named beneficiary on a life insurance policy. It depends upon what state and federal law controls the life insurance policy and … Read more
The Boonswang Law Firm is pleased to announce that Chad Boonswang has been named one of Pennsylvania & Delaware’s Top Attorneys of 2024, recognized for excellence. The Boonswang Law Firm is pleased to announce that Chad Boonswang has been named one of America’s Top Attorneys of 2023, recognized for excellence. The Boonswang Law Firm is … Read more
Yes. You always should name multiple beneficiaries on a life insurance policy. Why? Read on to find out. What is a Beneficiary? When taking out a life insurance policy, the policyholder must name one or more “beneficiaries” who will receive the death benefit if the insured passes away while covered by the policy. Policyholders have multiple options … Read more
Can Life Insurance Companies Deny a Claim? At first glance, life insurance seems like a fairly simple process. The policyholder applies for insurance with a specified death benefit, and, after he or she dies, the beneficiary or beneficiaries will receive this benefit in full. However, this is not always the case. Insurance companies will frequently … Read more
What is a Spendthrift Clause in a Life Insurance Policy? Let’s start with defining a Spendthrift Trust Provision A “spendthrift trust” is a form of trust meant to protect the heir of an estate from creditors. A trust is created when an individual puts money aside to be managed, invested, and distributed by a trustee. … Read more
