Work with Boonswang Law’s Team of Experienced TN Life Insurance Lawyers. We Are Ready to Fight for You!
Contact a TN Life Insurance Lawyer at Boonswang Law to Discuss Your Life Insurance Claim
Our team of Tennessee life insurance lawyers has helped people throughout TN get the life insurance payout their loved ones intended.
You know how life insurance should work–a policyholder purchases a life insurance policy to ensure the financial well-being of loved ones and pays premiums to maintain coverage until the policy term ends or the policyholder dies.
At that point, you would think that life insurance beneficiaries automatically receive the death benefit, however, this is frequently not the case. Life insurance companies thwart the goals of the policyholder by unfairly and incorrectly denying or delaying payment on life insurance claims. If you feel your life insurance claim was wrongly denied or delayed, the TN life insurance lawyers at Boonswang Law can help.
Boonswang Law’s TN Life Insurance Lawyers Have Helped Life Insurance Beneficiaries From:
- Johnson City
Common Reasons Life Insurance Claims are Denied in TN
The Policy Lapsed for Non-Payment of Premiums
A policyholder must pay premiums as they come due in order to maintain life insurance coverage. When premiums are not paid, coverage ends.
The thing is, terminating a life insurance policy 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, resulting in nonpayment of premiums. This is not the fault of the policyholder. When it was not the fault of the policyholder that the policy lapsed, we have been able to get our beneficiary clients paid.
The Policyholder Allegedly Misrepresented Themselves
Any mistake on the initial application for life insurance or the medical questionnaire will prompt the life insurance company to allege that the policyholder misrepresented themselves in order to get a lower premium payment. Then they use that alleged misrepresentation to deny beneficiaries’ claims.
We have been able to get our beneficiary clients paid when the alleged misrepresentation had nothing to do with the cause of death. We have also been able to get our client beneficiaries paid when the alleged misrepresentation was related to the cause of death. We settle for the death benefit minus whatever the policyholder should have been paying in premiums had the life insurance company known of the missing fact and calculated premiums accordingly.
The Life Insurance Company Misinterpreted the Policy Terms
It is very common for life insurance companies to interpret the terms of the policy in such a way as to deny your payout. Remember, they only make money for their shareholders when they collect premiums but deny death benefit claims!
The Policyholder’s Cause of Death is Allegedly Excluded from Coverage
Every life insurance policy will list causes of death that are excluded from coverage. While exclusions vary between life insurance companies and even between policies, suicide 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. We investigate and are often able to show that none of the listed exclusions apply, and our clients get paid.
READY TO TALK TO AN ATTORNEY ABOUT YOUR LIFE INSURANCE BENEFITS?
What to Expect When You Work with Boonswang Law’s TN Life Insurance Lawyers
Our team of experienced TN life insurance lawyers will:
- Review the terms of the life insurance policy terms and provisions to determine coverage and exclusions, and explain any problems to you
- Review correspondence from the life insurance company to 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 claims and allegations made by the life insurance company in denying your claim to refute or cast doubt on those claims
- If necessary, litigate your claim in court against the life insurance company when they are acting unreasonably or dishonestly in delaying or denying the payment of a valid life insurance policy
Life insurance companies are looking out for their profit margins. 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 life insurance lawyers at Boonswang Law Firm will fight to get you the death benefits you deserve after your loved one’s death.
Frequently Asked Questions About Life Insurance in TN
HOW LONG DO I HAVE TO DISPUTE A LIFE INSURANCE CLAIM DENIAL?
60 days if it was an employer-sponsored group life insurance policy. For all other life insurance, there is no time limit, however, the sooner you dispute a denied life insurance claim the better in order to collect and preserve evidence that your claim should be paid.
WHO CAN CHANGE THE BENEFICIARY ON A LIFE INSURANCE POLICY IN TN?
Only the policyholder can change their life insurance beneficiary in Georgia. If someone else changed the beneficiary, this is fraud. Contact an experienced TN life insurance attorney to help you contest that designation immediately.
WHAT HAPPENS IF THE BENEFICIARY ON A LIFE INSURANCE POLICY DIES BEFORE THE POLICYHOLDER?
If the primary beneficiary died before the policyholder and the policyholder did not update their beneficiary designation accordingly, 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 be paid to the policyholder’s estate.
WHAT IF THERE IS NO BENEFICIARY LISTED ON THE LIFE INSURANCE POLICY?
Similar to the situation when the beneficiary has predeceased the policyholder, the life insurance company will pay out to the policyholder’s estate.
CAN I SHARE LIFE INSURANCE BENEFITS WITH MY SIBLINGS?
Yes, there is no law preventing you from sharing the death benefit with anyone you choose. It is common for a policyholder to name one child as a beneficiary. Nothing prevents you from sharing the death benefit with your siblings.
CAN A BENEFICIARY DESIGNATION BE CONTESTED IF IT WAS CHANGED JUST BEFORE THE POLICYHOLDER’S DEATH?
A beneficiary change can and should be contested if you suspect the change was made fraudulently or under duress. This type of case is very difficult to prove, so be sure to contact an experienced life insurance beneficiary attorney for help litigating this.
HOW CAN I FIND OUT IF MY LOVED ONE PURCHASED LIFE INSURANCE?
If you suspect a loved one had a life insurance policy but don’t know for sure, you will have to investigate. Search the contents of the policyholder’s safe-deposit box and desk drawers, and look through your loved one’s recent mail for premium notices and through bank account statements for evidence of premium payments.
WHAT DO I DO IF THE LIFE INSURANCE COMPANY SAYS THE INSURANCE POLICY HAS LAPSED?
You should contest the claim denial. It is possible to still get paid if the lapse was not the fault of the policyholder.
For example, if an employer failed to give the policyholder conversion papers or improperly administered the policy, the beneficiary will still get paid. If the life insurance company failed to send the policyholder the legally-required notices of lapse, the beneficiary will still get paid. If the policyholder was eligible for a disability waiver of premium and did not get it, the beneficiary will get paid.
CAN THE BENEFICIARY ON A LIFE INSURANCE POLICY BE CHANGED AFTER THE POLICY HOLDER’S DEATH?
No! A beneficiary changed after the date of the policyholder’s death is fraudulent. Contact an experienced life insurance beneficiary attorney immediately.
CAN A SPOUSE CONTEST A LIFE INSURANCE POLICY?
Yes, if they were supposed to be the beneficiary for any reason and someone else was named.