Life Insurance Lawyer in New Jersey: Get Your Owed Benefits

Name: Boonswang Law
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When people purchase life insurance policies for themselves, their goal is often to take care of their dependents in the event of their death. Unfortunately, however, filing a claim for death benefits in New Jersey isn’t always easy. Many beneficiaries find the process to be confusing, or even worse, learn that the life insurance company denied their payout which is why retaining an experienced NJ life insurance attorney is vital to obtaining the benefits you’re owed.

When an estimated 99% of term policies never pay out, a New Jersey life insurance claim lawyer can be a valuable ally for both policyholders and their beneficiaries. The experienced team of New Jersey life insurance attorneys at Boonswang Law can advocate for policyholders who have been involved in scams or fight for the beneficiaries to get the benefits they deserve.

Our New Jersey life insurance attorneys have a proven track record:

Decades of experience helping appeal policy claim denials
Recovered over $200 million for our clients
Litigated cases involving many insurance carriers
Accolades from several publications

Contact us today for your free, no-obligation consultation and find out how our New Jersey life insurance lawyers can help fight for what you deserve.

We Have Helped Life Insurance Beneficiaries Throughout New Jersey, Including These Areas Among Others:

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What to Expect When You Hire a New Jersey Life Insurance Lawyer at Boonswang Law

If you’ve never worked with a life insurance lawyer in New Jersey, you may not know what to expect. There are several benefits to working with a skilled life insurance lawyer instead of trying to handle issues with a life insurance policy on your own. Below are some ways a NJ life insurance lawyer can assist you:

Go through the terms of the policy to explain coverages and exclusions
Review denial letters or any other documentation you’ve received from the insurance company to see why they denied or delayed your claim
Pursue your claim in court if necessary
Investigate allegations made by the insurance company in an attempt to deny your claim

At Booswang Law, we proudly serve clients throughout New Jersey and the surrounding region. Whether you’re seeking a life insurance lawyer in New York, Pennsylvania, Delaware, Connecticut, Maryland, or Massachusetts, our experienced attorneys are here to help you navigate your claim and pursue the benefits you’re entitled to.

Why Can a Life Insurance Claim Be Denied in NJ?

Just because someone has a life insurance policy doesn’t mean that their beneficiary will automatically receive death benefits after the policyholder’s death. There are several reasons why a life insurance company in New Jersey may refuse to pay the death benefit.

Interpretation Issues

In some cases, insurance companies will purposely misinterpret information in an attempt to deny a life insurance claim. In these instances, it is essential to hire a NJ life insurance attorney to protect your interests.

Premiums Were Not Paid

Life insurance policies typically have a premium that the policyholder must pay each month in order to maintain coverage. Unpaid premiums can cause coverage to lapse, resulting in subsequent denied claims. However, it’s important to note that a missed premium may not automatically disqualify a beneficiary from receiving death benefits.

If you believe that a life insurance company has unfairly denied your claim over an unpaid premium, contact a New Jersey life insurance lawyer at Boonswang Law to discuss your situation.

Self-Inflicted Injuries

Most life insurance policies state that death as a result of self-inflicted injuries will automatically lead to denied life insurance claims. Sometimes, however, an insurance company will attempt to wrongfully classify someone’s death as self-inflicted.

Retroactive Cancellation

There are instances where an insurance company will try to cancel a claim after a policyholder’s death so they can avoid paying the beneficiary. Boonswang Law has decades of experience with types of cases and can help you if an insurance company wronged you.

The New Jersey Denied Life Insurance Claim Appeal Process

If your life insurance claim has been denied, the first step is to thoroughly review the denial letter to understand why the claim was rejected. Boonswang Law’s skilled NJ life insurance lawyers will work closely with you to gather all necessary documentation and assess the validity of the denial.

Our NJ life insurance attorneys will then craft a detailed appeal, presenting evidence to refute the insurance company’s decision. Throughout the legal process, we communicate directly with the insurer, fighting for your rights to overturn the denial and get you paid.

Handling Life Insurance Beneficiary Disputes in New Jersey

Beneficiary disputes arise when multiple parties claim to be entitled to the life insurance payout, or when beneficiaries are confused about changes in the policy. Boonswang life insurance lawyers in New Jersey will review the policy’s terms, past communications, and any relevant documents to build a strong case on your behalf.

We advocate for your rights to help resolve disputes between beneficiaries fairly to ensure you receive the benefits you’re entitled to.

Insurance Scams & Bad Faith: What to Watch Out For

Navigating the complex world of life insurance can be challenging, especially in NJ, where life insurance claims are often denied. Many individuals find themselves caught in various insurance traps without even knowing it. Here’s a closer look at some common scams and bad-faith practices that you may encounter.

Indexed Universal Life Insurance

Indexed Universal Life Insurance can be used as part of a deceptive practice that targets unsuspecting individuals. It’s portrayed as an attractive investment opportunity with benefits linked to a stock market index.

However, the complex structure and hidden fees can lead to diminished returns. Victims of this scam may think they are investing in a secure financial product, only to find that their funds are trapped in costly policies with lower-than-expected results.

Churning Scams

Churning scams are a fraudulent practice where insurance agents encourage policyholders to switch from one policy to another unnecessarily. This is typically done to generate commissions for the agent but can result in substantial costs and penalties for the client.

Victims are often misled by false promises of better coverage or lower premiums, only to find that the new policy is less favorable and the switch has caused financial loss.

Insurance Bad Faith

Insurance companies can act in bad faith when they fail to uphold their contractual obligations to the policyholder. This might include denied or delayed life insurance claims in New Jersey without reasonable cause or failure to properly investigate a claim.

Individuals who become victims of insurance bad faith in NJ may experience significant stress and financial hardship, often feeling betrayed by the very institution meant to protect them. Seeking assistance from our experienced New Jersey attorneys can be a crucial step in fighting back against these unethical life insurance practices.

Frequently Asked Questions About Life Insurance in New Jersey

Who Can Change The Beneficiary On a Life Insurance Policy in NJ?

In general, the policyholder is the only person who can legally change the beneficiary on a life insurance policy. In some instances, a person who has power of attorney over the policyholder may make legitimate changes to the policy.

Keep in mind that no changes can be made to a life insurance policy after the policyholder’s death. Any changes made after would be considered fraud.

How Long Do I Have to Dispute a Life Insurance Claim Denial in New Jersey?

New Jersey law states that you have two years to file a dispute in the event of a life insurance claim denial. Having a NJ life insurance lawyer handle your dispute is highly recommended so you can feel confident that everything is being done correctly.

What Happens If the Beneficiary On a Life Insurance Policy is No Longer Living?

In some situations, both the policyholder and the beneficiary have passed away. If a policyholder makes no provisions for a secondary or contingent beneficiary, the benefits may pay to the policyholder’s estate.

What Happens When a Life Insurance Policy Lists a Minor as the Beneficiary?

In some cases, a life insurance policy lists a minor as the beneficiary. If the beneficiary is still a minor when the policyholder passes away, the courts will usually choose a custodian to oversee the minor beneficiary’s death benefits. The policyholder can also appoint a custodian.

Nothing can really be done to stop the custodian from using the minor’s inheritance for their personal gain. It is often recommended that the policyholder set up a trust and designate the minor as the beneficiary of the trust. We suggest hiring an estate planning attorney to help you understand the legalities of setting up a trust.

How Will I Know if My Loved One Had A Life Insurance Policy?

Unfortunately, there is no easy answer to this question. There is no nationwide online database that lists every person who has purchased a life insurance policy. If you’re unsure whether your deceased loved one had a life insurance policy, there are a few things you can do to find out.

If possible, contact their employer to ask if they offered group life insurance coverage. You might also look through old documents in search of life insurance paperwork and review bank statements to locate paid insurance premiums.

Please remember: if a life insurance policy lists you as the beneficiary, you are responsible for notifying the insurance provider of the policyholder’s passing.

Can I Share the Death Benefits with My Siblings if I am the Only Named Beneficiary?

There may be cases where a policyholder has chosen to list only one of their children as a beneficiary on their life insurance policy. Although the beneficiary will not be able to add their siblings to the policy after the policyholder’s death, there’s nothing stopping them from sharing their benefits once they pay out.

Can You Contest Death Benefits in New Jersey If the Beneficiary Changed Recently?

In general, it can be difficult to contest last-minute changes made to a life insurance policy. Policyholders can change beneficiaries while they are alive as long as they are of sound mind and not under duress when they make the changes.

Irrevocable beneficiaries, however, are an exception to this role. The term irrevocable beneficiary usually refers to the policyholder’s spouses and children. Divorce or estrangement does not remove this status. An irrevocable beneficiary must approve all policy changes that affect their benefits. Some policies may even require them to consent to all changes.

If an insurance company notifies you that you were removed as an irrevocable beneficiary from a life insurance policy, you may be able to contest this.

Can I Still Receive Death Benefits if the Insurance Policy Has Lapsed?

Life insurance policies typically have a grace period for unpaid premiums, so you may still be able to receive death benefits even if the policyholder missed a payment. An experienced New Jersey life insurance lawyer at Boonswang Law can help you understand what your rights are.

Can the Beneficiary on a Life Insurance Policy Be Changed After The Policy Holder’s Death?

No. The policyholder generally is the only person who can make changes to their life insurance policy. If you receive paperwork showing that the beneficiary changed after the policyholder’s death, it is most likely fraudulent.

Can a Spouse Contest a Life Insurance Beneficiary Designation?

In some cases, yes. With a divorced or remarried policyholder, confusion may arise over who gets what. An experienced life insurance attorney in New Jersey can explain what you’re entitled to as the deceased’s spouse or former spouse.

Contact New Jersey Life Insurance Lawyers at Boonswang Today

If you have additional questions about life insurance laws in New Jersey or are facing denied life insurance claims, Boonswang Law is here to help.

Call the law offices of Boonswang Law today at (855) 865-4335 to schedule your free consultation.