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Life Insurance Lawyer in NC

Rely on the North Carolina Life Insurance Lawyers at Boonswang Law to Stand Up for Your Right To Due Compensation

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For years, our dedicated life insurance attorneys have been supporting NC residents in obtaining the life insurance benefits they're entitled to.

A life insurance policy is typically purchased to secure the financial future of loved ones or to enable business co-owners to maintain operations in the event of a partner’s death.

You might assume that life insurance beneficiaries would automatically receive the death benefit upon the policyholder’s passing. However, this isn’t always the case. 

Life insurance providers may unfairly or mistakenly deny or delay payment on life insurance claims, thwarting the policyholder’s objectives. If you believe your life insurance claim has been wrongfully denied or delayed, the NC life insurance attorneys at Boonswang Law are here to assist you and help you secure financial security.

Our NC Life Insurance Lawyers Have Helped Beneficiaries in and Around These Cities:

Book Your Free Consultation with a North Carolina Life Insurance Attorney at Boonswang Law

Common Reasons Life Insurance Companies Deny Claims in NC

Relatives of the deceased usually assume that their family members will have no trouble receiving payout if the deceased had a life insurance policy. But the truth is, it doesn’t always work out that way. Life insurance companies look for reasons to avoid paying the money. 

Here are some of the most common reasons life insurance companies do not pay out.

Termination of Life Insurance Coverage

A life insurance policy remains active as long as the policyholder pays the premiums. However, if the policyholder fails to make premium payments, the coverage expires.

However, further investigation often reveals that the lapse in coverage wasn’t the policyholder’s fault. For instance, the life insurance provider may not have sent the required lapse notices, or the policyholder’s employer may have neglected to supply conversion documents or properly administer group life insurance coverage. 

In such situations, our skilled life insurance attorneys in NC have been successful in securing payment for numerous clients.

Reach Out to the NC Life Insurance Attorneys at Boonswang Law Today

For years, the life insurance lawyers at Boonswang Law have been dedicated to assisting life insurance beneficiaries across North Carolina. Our mission is to ensure you and your family receive the death benefits you rightfully deserve. 

Don’t accept a denial without a fight! 

Contact us for a complimentary, no-obligation consultation. We are prepared to stand up for you!

Cause of Death Not Covered by Policy

Life insurance policies typically include a list of causes of death that are not covered. Common exclusions are suicide and death caused by war or terrorism. Even accidental death can sometimes result in a claim being denied.

If there’s even a remote possibility that an exclusion applies, the life insurance provider will deny your life insurance claim. In these cases, we conduct investigations and frequently discover that the cause of death is not excluded, resulting in successful payments for our clients.

Misinterpretation of Policy Terms and Conditions

Life insurance companies often interpret their life insurance policies in a manner that denies beneficiaries’ claims. Keep in mind that insurance companies make money for their shareholders by not paying life insurance claims!

Policyholder Misrepresentation

If a policy holder doesn’t disclose all health conditions or lifestyle habits or makes an error on the initial life insurance application or medical questionnaire, the insurance company might claim misrepresentation. They may then retroactively cancel the policy and deny beneficiaries’ claims in the event of an unintentional error on your life insurance application.

In such instances, we investigate, and if the alleged misrepresentation had no connection to the cause of death, we can frequently secure payment for our clients. Even if the misrepresentation was related to the cause of death, we have managed to obtain the death benefit minus the amount the policyholder would have paid in premiums if the insurance company had been aware of the undisclosed information.

What to Expect When Collaborating with a Boonswang Law Life Insurance Attorney

Our experienced NC life insurance attorneys pledge to:

  • Examine the life insurance policy terms to establish coverage and exclusions and clarify these to you.
  • Assess any correspondence from the life insurance company to determine the reasons for a delay or denial of your claim for life insurance benefits.
  • Investigate assertions and accusations made by the life insurance company in denying your claim, with the aim of refuting or casting doubt on those claims.
  • Negotiate with the life insurance company to secure a payout for you, despite the claim denial.
  • Pursue your claim in court when the life insurance company is acting unreasonably or deceitfully in delaying or denying the payment of your valid claim.

Life insurance companies are driven by their profit margins. The more premiums they collect, and the fewer death benefit claims they pay out, the greater their profits for shareholders. In essence, the interests of the life insurance company conflict with yours and your family’s.

The life insurance attorneys at Boonswang Law are dedicated to fighting for you to obtain the life insurance benefits you rightfully deserve following the passing of your loved one.

GA Life Insurance FAQs

Who Can Change a Life Insurance Beneficiary in NC?

Only the policyholder has the authority to change the beneficiary. If someone else attempts to modify the beneficiary designation, it is considered fraudulent. In such cases, consult an experienced life insurance attorney to contest the illegitimate beneficiary change.

This depends on whether the policyholder designated a co-beneficiary, secondary beneficiary, or contingent beneficiary. If other beneficiaries are named, the life insurance company will distribute the death benefit to them in the absence of the primary beneficiary. If no secondary or contingent beneficiaries are designated, the death benefit will be paid to the policyholder’s estate in the event of a policy holder’s death.

Unfortunately, there is no nationwide database of policyholders. To determine if a loved one had a life insurance policy, you’ll need to investigate by reviewing their important documents, bills, and bank account statements for evidence of a policy or premium payments.

There is no legal restriction preventing a beneficiary from sharing their payout. It is not uncommon for a policyholder to name one child as a beneficiary, and that individual can choose to share the death benefit with their siblings.

If you were the previously named beneficiary, you have standing to contest the beneficiary change. If you suspect the change was made fraudulently or under duress, consult an experienced life insurance beneficiary attorney for assistance.

If you were the previously named beneficiary, you have standing to contest the beneficiary change. If you suspect the change was made fraudulently or under duress, consult an experienced life insurance beneficiary attorney for assistance.

No. If the beneficiary was changed after the policyholder’s death, the change is considered fraudulent. Contact an experienced life insurance beneficiary attorney immediately for assistance.

Yes, if they were supposed to be the beneficiary for any reason and someone else was named instead. Policyholders are often required by court orders to designate an ex-spouse as a beneficiary to ensure support payments continue after their death.

If there is even a slight possibility that your loved one committed suicide, the life insurance company may deny your claim for death benefits, as suicide is a common exclusion. In such cases, we examine the death certificate and investigate the cause of death to determine if it was indeed self-inflicted. We have helped many clients receive benefits when the death appeared to be suicide but was not.

Absolutely! Misrepresentation claims can often be traced back to innocent mistakes by the policyholder, errors by the insurance agent, or omitted information due to the policyholder’s lack of knowledge, such as an undiagnosed medical condition. We have successfully reversed numerous claim denials initially denied due to alleged misrepresentation.