Life Insurance Lawyer Serving Alaska
Contact Boonswang Law Today to Discuss Your Life Insurance Claim with an Alaska Life Insurance Lawyer
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We have decades of experience helping life insurance beneficiaries across the country get the death benefits they deserve.
You probably think you know how life insurance works: someone buys a life insurance policy to ensure the financial well-being of dependents or other loved ones. They then pay premiums during the policy term to maintain life insurance coverage until the policy term ends or they die.
You might think that beneficiaries automatically receive the death benefit when the policyholder dies. Unfortunately, this is rarely the case. Life insurance companies have little incentive to pay beneficiaries because they only make money for their shareholders when they collect premiums and then deny claims.
If you feel your life insurance claim was wrongly denied or is being unfairly delayed, the Alaska life insurance lawyers at Boonswang Law can help you. Call us today to discuss your case, free of charge.
The Life Insurance Lawyers at Boonswang Law Help Beneficiaries From These Alaska Cities and their Surrounding Areas:
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Common Reasons for Alaska Life Insurance Claim Denials
The Insurance Company Misinterprets the Policy
Life insurance companies frequently interpret the terms of a policy in such a way as to deny beneficiaries their payout. Remember, life insurance companies only make money for their shareholders when they collect premiums but deny death benefit claims.
Call us if the insurance company denies your claim pursuant to a policy term that you don’t understand. Ambiguous policy terms are construed against the insurance company, and you may still get a payout. We will review the policy and find out if the life insurance company improperly denied your claim.
Call Boonswang Law Today & Talk with an Experienced Life Insurance Lawyer Serving Alaska
For decades our experienced life insurance attorneys have been helping life insurance beneficiaries throughout Alaska get their death benefits paid. Don’t let insurance companies take advantage of you! Contact us to discuss your claim. Your initial no-obligation consultation is free of charge. We are ready to fight for you!
Alleged Misrepresentation by the Policyholder
When purchasing a life insurance policy, the policyholder must disclose personal details such as date of birth, address, occupation, marital status, education, personal habits such as smoking or drinking alcohol, hobbies, current medications, and health history on their initial application. An insurance adjuster will calculate the risk that the policyholder will die within the policy term based on this information. Policyholders at greater risk of dying within the policy term pay higher premiums than policyholders at less risk.
If the policyholder omits information or makes a mistake on their application and then dies within the policy term, the life insurance company may allege that the policyholder misrepresented themselves in order to get a lower premium payment. The life insurance company will then retroactively cancel the policy due to the alleged misrepresentation and deny beneficiaries’ claims for death benefits.
If this happened to you, you should contest the denial of your claim. Often what is allegedly misrepresentation was a simple mistake, or the policyholder did not understand the question, or the insurance agent completing the form for the policyholder made a mistake. Call us and let us look into it for you.
Lapse of Coverage for Nonpayment of Premiums
A policyholder must pay premiums as they come due to maintain life insurance coverage. If the policyholder fails to pay premiums for any reason, life insurance coverage ends. If your life insurance claim got denied because coverage lapsed due to unpaid premiums, call us. We may be able to get you paid.
Terminating life insurance coverage is highly regulated in every state, and all too often life insurance companies and employers who provide group life insurance coverage to their employees fail to follow those regulations. If we investigate and find out that coverage lapsed through no fault of the policyholder, we can get our beneficiary clients paid.
An Exclusion Allegedly Applies
All life insurance policies list causes of death they exclude from their coverage. These are called “exclusions.” Exclusions vary among policies, however, death from self-inflicted wounds and death from acts of war or terrorism are commonly-found exclusions.
The life insurance company may try to shoe-horn the policyholder’s death into one of the listed exclusions. When this happens, we investigate and are often able to show that none of the listed exclusions apply, and our clients get paid.
What to Expect when You Choose to Work with the AK Life Insurance Lawyers at Boonswang Law
We know that it is likely you have never needed to work with a life insurance lawyer before. We promise that our team of experienced AK life insurance lawyers will:
- Review the policy and determine coverage and exclusions
- Review all correspondence from the life insurance company and identify the reason or reasons for delay or denial of your claim for death benefits
- Negotiate with the life insurance company to get you your payout
- Investigate all allegations made by the life insurance company in denying your claim to refute or cast doubt on those allegations
- Litigate your claim in court against the life insurance company if necessary
Like any other business, life insurance companies make their profit margins a priority. The more in premium payments a life insurance company collects and the fewer death benefit claims they pay out, the more money they make for their shareholders. In other words, the interests of the life insurance company are at odds with your interests and the policyholder’s interests.
The AK life insurance lawyers at Boonswang Law Firm fight to get you the death benefits you deserve after your loved one’s death.