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You are the beneficiary of a life insurance policy.
Someone purchased that policy to ensure your financial well-being. They have passed on, and you would think that you would automatically receive the death benefit.
Unfortunately, this is not always the case.
Life insurance companies often try to thwart the goals of policyholders by unfairly and incorrectly denying or delaying payment on life insurance claims.
If you feel your life insurance claim was wrongly denied or payment is being delayed, a life insurance lawyer serving Lousiana at Boonswang Law can help you fight for the payout you deserve. Contact us for a free legal consultation today.
The Louisiana Life Insurance Lawyers At Boonswang Law Have Helped Beneficiaries from these Cities and their Surrounding Areas:
- New Orleans
- Baton Rouge
- Shreveport
- Metairie
- Lafayette
- Lake Charles
- Bossier City
- Kenner
- Monroe
- Alexandria
- Houma
- Prairieville
- Marrero
- New Iberia
- Laplace
Call for a Free Consultation with a Louisiana Life Insurance Lawyer
Common Reasons For Louisiana Life Insurance Claim Denials
It’s crucial to understand why your life insurance claim was denied in order to build a strong case for your defense. Here are some common reasons why life insurance claims are denied in Lousiana:
Insufficient Proof of Death
In instances where a policyholder dies while traveling abroad, insurance companies often delay claim payments. This delay can be due to late receipt of a death certificate or inadequate information on a foreign death certificate.
If your claim is being delayed due to this reason, don’t hesitate to contact us. We can assist, and if the delay is unjustified, the life insurance company may owe you interest.
Discuss Your Claim with a Louisiana Life Insurance Lawyer at Boonswang Law
At Boonswang Law, we’ve supported life insurance beneficiaries across Louisiana for decades. We strive to ensure you and your family receive the death benefits you’re entitled to quickly and efficiently. Don’t let insurance companies push you around!
Contact us for a free consultation — we’re ready to stand up for your rights.
Lapse or Termination of Life Insurance Policy
Life insurance functions on a simple principle — the life insurance company offers coverage in return for premium payments made by the policyholder. If these payments cease, the policy lapses and terminates. However, this doesn’t mark the end of the road.
Each state stringently regulates the termination of life insurance policies. We often encounter situations where insurance companies and employers who provide group life insurance to their employees fail to comply with these regulations.
If this results in unpaid premiums that weren’t the policyholder’s fault, we might still secure a payout for the beneficiary.
Cause of Death Excluded from Coverage
Mistakes or omissions on a life insurance application or medical questionnaire can lead to allegations of misrepresentation. In such cases, insurance agents may cancel the policy retroactively and deny life insurance claims.
However, if the alleged misrepresentation is unrelated to the cause of death, we’ve been successful in securing payments for our clients. Even if the misrepresentation is connected to the cause of death, there’s a chance of obtaining the death benefit, reduced by the amount that would have been due in premiums had the life insurance company been aware of the misrepresented fact.
Exclusion for Suicide
Insurance policies usually contain a list of “exclusions,” which are causes of death that are not covered. Common exclusions include suicide, death due to terrorism, or acts of war. Life insurance companies may attempt to apply an exclusion to a policyholder’s death to deny a life insurance claim.
We counter this by conducting a thorough investigation, often proving that the exclusion is not applicable and securing payment for our clients.
Insurance Scams and Bad Faith: Insight for Louisiana Residents
Understanding the complexities of insurance can be a challenge, particularly when unscrupulous practices and bad faith maneuvers come into play. At Boonswang Law, we aim to enlighten you on some common types of insurance scams and instances of bad faith that could impact you.
The Pitfalls of Indexed Universal Life Insurance
In Louisiana, many residents may find themselves being persuaded to invest in Indexed Universal Life Insurance policies. These insurance products combine a death benefit with a cash value component, with growth linked to a stock market index.
However, while they may be presented as advantageous, they often come with high fees, complex terms, and unpredictable returns. If you feel you’ve been misled about an Indexed Universal Life Insurance policy, it may be time to contact a knowledgeable LA life insurance attorney.
Spotting Churning Scams
Churning is a deceptive practice where an insurance agent encourages a policyholder to unnecessarily change policies frequently. This is done to earn commissions and can result in policyholders paying more for less coverage.
If you suspect that you’ve been the victim of a churning scam, we’re here to help investigate and potentially rectify the situation.
Tackling Instances of Insurance Bad Faith
Bad faith refers to a situation where a life insurance company fails to fulfill its obligations to a policyholder, such as by unfairly denying or delaying a life insurance claim. Louisiana residents should be aware of the tactics some insurance companies employ to avoid payouts.
If you feel you’ve encountered an instance of bad faith from a life insurance company, a life insurance lawyer can provide the guidance and legal action necessary to pursue your rightful life insurance benefits.
The Boonswang Law Experience: Teaming Up With a Louisiana Life Insurance Attorney
Taking on an insurance company can be a daunting task. Our team at Boonswang Law is here to ensure you don’t face that challenge alone. We are dedicated to making this process smoother and more understandable. When you work with us, here’s what we promise:
- We’ll closely examine your life insurance policy, breaking down life insurance coverage details and exclusions. We will then clarify these terms, ensuring you fully understand what your policy entails.
- Our team will dissect all the communications you have received from the insurance company. We will identify any reasons they’ve given for delaying or denying your life insurance claim and strategize accordingly.
- If a dispute arises, we’ll use our negotiation skills to work towards securing a payout for you.
- Should the insurance company make allegations that contribute to your claim denial, we will thoroughly investigate these life insurance claims. Our goal is to challenge, discredit, or cast doubt on these allegations to support your life insurance claim.
- If the insurance company continues to act unreasonably or dishonestly, we’re ready to bring the battle to the courtroom. We will fight tirelessly for your rightful claim.
Remember, life insurance companies are primarily concerned with their profit margins – not your best interest. Their teams of experts and lawyers work to collect premiums and minimize payouts.
However, at Boonswang Law, our Louisiana life insurance attorneys stand up for your rights, working to secure the death benefits you deserve after the loss of a loved one.
Louisiana Life Insurance Benefits FAQ
How Do I Handle a Denied Life Insurance Claim?
While it may seem daunting, you should challenge the denial of your claim. Along with the denial letter, you will receive guidance on how to contest the decision. It’s crucial to engage professional help in this situation — that’s where we step in.
At Boonswang Law, every life insurance attorney is ready to assist you in challenging the denial, and often, our efforts lead to an initially denied claim eventually getting paid.
How Long Does It Take for Life Insurance to Pay?
Usually, insurance companies pay the beneficiaries within 30 to 60 days from the submission of the claim. If this period has passed without payment, it’s time to seek help. Unreasonable delays may mean you’re entitled to interest on the death benefit.
What Can I Do About the Delayed Payment of My Claim for Death Benefits?
In cases of delayed payment, contact the insurance company, and request an explanation in writing. If the delay seems unjustified, you might be entitled to interest on the death benefit.
Can I Contest the Beneficiary Designation if It Was Changed Just Before the Policyholder’s Death?
While a policyholder can adjust the beneficiary designation at any point, even shortly before death, you can challenge this if you suspect the change was fraudulent or forced. Proving a fraudulent change can be challenging, making it vital to seek help from an experienced life insurance attorney.
What Happens When a Life Insurance Beneficiary is a Minor?
Minors can’t receive life insurance death benefits directly. Typically, a court-appointed conservator manages these funds. To protect the minor’s interest, policyholders should establish a trust, making it the policy beneficiary.
I’m a Beneficiary on a Lapsed Life Insurance Policy, What Can I Do?
If the policy lapsed due to reasons beyond the policyholder’s control, such as administrative errors by the employer or the insurance company, you may still be eligible for a payout. Our experienced Louisiana life insurance lawyers can help explore your options and ensure you receive your rightful benefits.
How Do I Know When Someone Has Life Insurance?
There’s no comprehensive list or database of life insurance policyholders. If you suspect a deceased loved one had a policy, you’ll have to conduct a personal investigation, such as reviewing their mail for premium notices or checking bank statements for premium payments.
Can a Life Insurance Beneficiary Designation Be Changed After the Policyholder’s Death?
No, it’s unlawful to change the beneficiary designation after the policyholder’s death. If you notice such changes, it might indicate fraud. An experienced life insurance attorney should be consulted promptly.
Can a Spouse Contest a Life Insurance Policy?
Yes, particularly when they were expected to be the named beneficiary, but someone else was designated. Reach out to us if you find yourself in this situation. An experienced life insurance attorney is ready to take your case.
What Happens When a Life Insurance Beneficiary Predeceases the Policyholder?
If the primary beneficiary passes before the policyholder, the insurance company pays the death benefit to the secondary or contingent beneficiary. If no such designations exist, the benefit goes to the policyholder’s estate.
Life Insurance Attorneys Serving These States*
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Missouri
- Mississippi
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- US Virgin Islands
- Utah
- Vermont
- Virginia
- Washington
- West Virginia
- Wisconsin
- Wyoming
