Trust the New Hampshire Life Insurance Lawyers at Boonswang Law to Fight for You
Call for Your Free Consultation with a Life Insurance Lawyer in NH
A loved one purchased a life insurance policy and named you as beneficiary to ensure your financial well-being. You would think that you would automatically receive the death benefit upon your loved one’s death. Unfortunately, this is not always the case.
Life insurance companies, like any other type of business, look out for their bottom line. They make more money for their shareholders when they collect premiums from policyholders but deny their beneficiaries’ claims. For this reason they often unfairly and incorrectly deny or delay payment on life insurance claims.
Our New Hampshire Life Insurance Lawyers Have Helped Beneficiaries from these Cities and the Surrounding Areas:
Common Reasons for Life Insurance Claim Denials in NH
Lapse of Life Insurance Coverage
A life insurance company provides coverage in exchange for the policyholder’s premium payments. If premiums are not paid for any reason, coverage lapses and terminates and the life insurance company will deny subsequent beneficiary claims on that policy.
That is not the end of the story, however–beneficiaries can still get a payout on a lapsed policy under certain circumstances. Terminating life insurance coverage is highly regulated in each state, and often life insurance companies and employers who provide group life insurance coverage to employees fail to follow those regulations, resulting in nonpayment of premiums that is not the fault of the policyholder. In those instances, we have been able to get our beneficiary clients their payout.
Insufficient Proof of Death
When a policyholder dies while travelling overseas, the life insurance company will likely delay payment on beneficiaries’ claims because of a delay in receiving a death certificate or because a foreign death certificate contains insufficient information regarding the policyholder’s death.
If the life insurance company is delaying payment on your life insurance claim for this reason, contact us. We can help–and the life insurance company may owe you interest!
Cause of Death Excluded from Coverage
Every life insurance policy lists causes of death that are not covered. These are called “exclusions.” While the exact exclusions vary among policies, death due to self-inflicted injuries and death due to terorism or acts of war are common exclusions.
If an exclusion can stretch to apply to a policyholder’s death, you can believe that the life insurance company will claim that it applies and try to deny your claim. In these cases, we investigate, show that the exclusion does not apply, and get our beneficiary clients paid.
Alleged Misrepresentation by the Policyholder
Life insurance companies use the information the policyholder provides when applying for coverage to determine the risk of the policyholder dying within the coverage term. Those at greater risk of dying within the coverage term pay more in premiums than those at less risk.
If a policyholder omits information or makes a mistake on the initial application for life insurance or the medical questionnaire, the life insurance company will allege that they misrepresented themselves in order to get a lower premium payment and then deny beneficiaries’ claims.
In these cases, if the alleged misrepresentation had nothing to do with the cause of death, we have gotten our clients paid. Even if the misrepresentation was related to the cause of death, we may be able to get our client paid the death benefit minus the amount the policyholder would have paid in premiums had the life insurance company known of the missing fact.
READY TO TALK TO AN ATTORNEY ABOUT YOUR LIFE INSURANCE BENEFITS?
What to Expect When You Work with the NH Life Insurance Lawyers at Boonswang Law
We know you have probably never worked with a life insurance attorneys. Here is what we will do for you when you trust us to fight for your death benefit payout:
- We will review the terms of the life insurance policy to determine coverage and exclusions, and explain these to you
- We will review the denial letter and any other correspondence from the life insurance company to identify the reason or reasons for a delay or denial of your claim
- We will negotiate with the life insurance company’s lawyers on your behalf to get you a payout
- We will thoroughly investigate the allegations made by the life insurance company in denying your claim
- We will vigorously pursue your claim in court against the life insurance company when necessary
Every life insurance beneficiary should know that life insurance companies are staffed by experts, consultants, and lawyers whose task is to protect and increase the company’s profit margin. The more premiums a life insurance company collects and the fewer death benefit claims they pay out, the more money they make for its shareholders. In other words, the interests of the life insurance company are at odds with yours and the policyholder’s.
Boonswang Law is ready to fiercely advocate for you to get you the death benefits you deserve after your loved one’s death.
NH Life Insurance FAQ
WHEN SHOULD I GET MY LIFE INSURANCE PAYOUT?
If there are no problems with your claim for death benefits, the life insurance company should pay you within 30-60 days of the date you submit your claim.
If this time has passed and your claim has not paid yet, contact us. When a life insurance company unreasonably delays payment on a life insurance claim, they may owe you interest on the death benefit.
PAYMENT ON MY LIFE INSURANCE CLAIMS IS DELAYED, WHAT CAN I DO ABOUT IT?
If the delay is unreasonable, meaning that the life insurance company had no valid reason for waiting to pay you, you may be entitled to interest on the death benefit. Call us for help.
MY LIFE INSURANCE CLAIM WAS DENIED, WHAT SHOULD I DO?
You should contest the denial.
When you received the denial letter you should have also received documents explaining how to dispute the denial with the life insurance company. Call us if you need to contest denial of your life insurance claim–we can help you. We have gotten many denied claims paid by fighting back.
MY LIFE INSURANCE CLAIM WAS DENIED DUE TO LAPSE, WHAT CAN I DO?
Again, you should contest the denial.
You might still get a payout if the lapse in coverage was not the fault of the policyholder. For example, if an employer failed to give the policyholder conversion papers or improperly administered the policy, this shows that the nonpayment of premiums was not the policyholder’s fault. The same goes when the life insurance company fails to send the policyholder the legally-required notices of lapse, or fails to give the policyholder disability waiver of premiums when the policyholder was eligible.
Call our NH life insurance lawyers if your life insurance claim was denied due to lapse. We will investigate and get you paid if at all possible.
HOW CAN I FIND OUT IF MY LOVED ONE HAD LIFE INSURANCE?
If you suspect a loved one had a life insurance policy but don’t know for sure, you will have to dig around for evidence because there is no list or national database of all life insurance policyholders.
Try looking through the contents of your loved one’s safe-deposit box and desk drawers for policy documents. You can also look through your loved one’s recent mail for premium notices, and through bank account statements for evidence of premium payments.
WHAT HAPPENS WHEN A LIFE INSURANCE BENEFICIARY IS A MINOR?
A minor cannot directly receive life insurance death benefits. A court will likely have to appoint a conservator to administer the funds on behalf of the minor beneficiary. Unfortunately, there is little to prevent a conservator from using the funds for their own benefit.
If a policyholder wishes a minor to receive the death benefit, they should consider setting up a trust with the minor as beneficiary of the trust, and name the trust as beneficiary of the life insurance policy. This way, they can select who acts as trustee who will be a fiduciary of the minor and required to act in the minor’s best interests. Consult with an estate planning attorney if this is your plan.
THE BENEFICIARY DESIGNATION CHANGED RECENTLY, CAN I CONTEST IT?
You can contest a beneficiary designation change if you are the former beneficiary and you suspect the change was made fraudulently or under duress. These cases are very difficult to prove, so be sure to contact an experienced life insurance attorney for help litigating this.
CAN SOMEONE CHANGE A LIFE INSURANCE BENEFICIARY DESIGNATION AFTER THE POLICYHOLDER’S DEATH?
Absolutely not. If the beneficiary designation changed after the date of the policyholder’s death, that change was fraudulent. Contact an experienced life insurance beneficiary attorney immediately.
WHEN SHOULD A SPOUSE CONTEST A LIFE INSURANCE BENEFICIARY DESIGNATION?
If a spouse or ex-spouse was supposed to be the named beneficiary for any reason and the policy named someone else, they should contest it. Contact us if you were supposed to be a beneficiary on a life insurance policy but someone else was named instead–we can help you.
WHAT HAPPENS WHEN A LIFE INSURANCE BENEFICIARY PREDECEASES THE POLICYHOLDER?
If the primary beneficiary dies before the policyholder or the primary beneficiary cannot be found, the life insurance company will pay the death benefit to the secondary beneficiary or the contingent beneficiary. If the policyholder did not designate secondary or contingent beneficiaries, the death benefit can pay out to the policyholder’s estate.