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Our Texas life insurance lawyers have decades of experience fighting for the rights of life insurance beneficiaries like you.
For decades, our team of skilled and knowledgeable life insurance attorneys have helped families and partners throughout Texas receive the death benefits they are owed.
The purpose of a life insurance policy is to protect families and partners from financial hardship, ensure dependents do not suffer because of untimely death, and make it possible for co-owners of a business to continue operations after the loss of a business partner.
However, it’s common for life insurance companies to prevent these goals from happening by withholding life insurance claims and neglecting to make payments that are required under the policy. Such practices are wrong and illegal, and you need a life insurance lawyer serving TX who can help.
Contact Boonswang Law Firm at (855) 865-4335 for a free legal consultation to discuss your claim.
Boonswang Law Has Helped Life Insurance Beneficiaries throughout Texas, Including these Cities and the Surrounding Areas:
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Common Reasons Life Insurance Companies Deny Claims in Texas
Insurance companies often use dishonest tactics to unfairly deny life insurance claims made by beneficiaries. Understanding these tactics is important to determine if you need legal help due to an unfairly denied life claim.
Here are the most common tactics that life insurance companies use to try to avoid paying out death benefits:
Policyholders must pay a premium each month in order to maintain life insurance coverage. If, for any reason, the policyholder does not pay premiums, the life insurance coverage will lapse and the life insurance company will deny beneficiaries’ subsequent claims.
You might think that policy lapse is the end of the story for beneficiaries, but in many cases, we can get a claim on a lapsed policy paid. Termination of life insurance coverage is highly regulated in Texas.
Federal ERISA law regulates insurance offered through a policyholder’s employer. If the life insurance company or the employer administering the policy failed to adhere to the applicable regulations, it may not be the fault of the policyholder that premium payments were not made. In these cases, we can often get our beneficiary clients paid.
Call Boonswang Law Today and Discuss Your Claim with a Life Insurance Lawyer in Texas
When a loved one passes away, you have enough to deal with besides figuring out how to file a life insurance claim or contest a denied life insurance claim.
The Texas life insurance lawyers at Boonswang Law can help you navigate your claim, appeal denials, and communicate with the insurance company. Put our decades of experience to work for you and free your mind of this burden.
Contact us at (855) 865-4335 to schedule your free, no-obligation consultation.
Even though a policyholder pays monthly premiums for life insurance, their family or beneficiaries can be denied payment of life insurance if the insurer claims misrepresentation. A life insurance lawyer will be able to recognize these false claims and will be able to fight for you.
An Exclusion Applies to the Cause of Death
All life insurance policies contain a list of exclusions — causes of death excluded from coverage. For instance, a person taking their own life is not typically covered by life insurance policies.
However, life insurance companies may sometimes misclassify a person’s death in order to deny the beneficiary death benefits and keep the policy’s money within the insurance company. In these cases, we thoroughly investigate the cause of death, and if we can prove the death was not self-inflicted, we can get our beneficiary clients paid.
Alleged Misrepresentation and Retroactive Cancellation
A policyholder must disclose all personal information — including health and lifestyle habits — on their initial application for life insurance and medical questionnaire. This is so that life insurance adjusters can calculate the risk to them that the policyholder will die within the policy term.
The amount of premiums the policyholder must pay to maintain coverage is based on that risk. Those at greater risk of dying within the policy’s term pay higher premiums for coverage than those at less risk.
If a policyholder makes a mistake or omits information and then dies within the policy term, the life insurance company will retroactively cancel the policy, claiming that the policyholder misrepresented themselves to get a lower premium payment. The life insurance company will then deny the beneficiaries’ claims.
Boonswang Law has decades of experience with types of cases and can help you if the life insurance company denies your claim for this reason. Call us for your free consultation.
Insurance Scams & Bad Faith: What to Watch Out For
Life insurance policies are an excellent way to support your loved ones even after you’re gone. However, though your intentions may be good, don’t assume that your life insurance company’s are, as well.
These companies make money when insurance claims are denied or otherwise withheld, which means they sometimes act in bad faith to make a profit. Below are four of the main scams to watch out for when opening a life insurance policy.
Indexed Universal Life Insurance
Indexed universal life insurance (IUL) policies can be legitimate, but they can be hard for the layperson to understand. This means insurance companies often use them to confuse their policyholders into making poor decisions about their life insurance policies.
Typically, these scams begin with the insurance company offering a deal on an S&P or NASDAQ account, which they say will increase your savings. This is true, but profiting on either of these accounts takes many years and plenty of discretionary income. If you have a short life expectancy or little disposable income, it’s best to avoid these policies.
Churning scams are intentionally complex and difficult to understand, which is what makes them so insidious. Life insurance companies will offer long-term policyholders a new policy with lower premiums, which is understandably attractive to the policyholder.
However, the fine print in these new policies often states that the old policy will be used as a loan against the new. Funds from the old policy are then “churned” into the new policy to cover the premiums. This process leaves both policies empty.
If your life insurance company has deceived you with a churning scam, our Texas legal team can help you build a case against them. Contact Boonswang today.
Insurance Bad Faith
Bad faith acts by insurance companies are all too common. In these cases, the insurance company knowingly issues a fraudulent denial to prevent the beneficiary from claiming death benefits. Examples include failure to pay the full policy amount, excessive delay of payments, and denials based on a small or nonexistent technicality.
If you suspect your life insurance company is acting in bad faith, our Texas life insurance lawyers can help.
What You Can Expect When You Work With the TX Life Insurance Lawyers at Boonswang Law
It is likely you have never worked with a life insurance lawyer before. We want to tell you upfront what you can expect from us. Instead of handling your claim on your own, allow the experienced TX life insurance lawyers at Boonswang Law to provide you with the following:
- Review the life insurance policy to determine coverage and exclusions
- Review all correspondence from the life insurance company, including denial letters, to formulate the right response
- Thoroughly investigate reasons the life insurance company denied your claim
- Negotiate with the life insurance company’s team of lawyers
- Litigate your claim in court if the life insurance company still refuses to pay
Common Questions about Life Insurance Claims in Texas
Life insurance policyholders aren’t listed on any comprehensive list or database. If you think your loved one had a life insurance policy, you’ll have to do some sleuthing, such as:
- Contacting your loved one’s employer to determine whether they had group life insurance
- Investigate important documents, which may include life insurance information
- Check bank statements for regularly recurring payments—these may indicate a policy exists.
Life insurance policies established through an employer can be appealed within 60 days of your denial under federal ERISA law.For individual policies, claim denial appeals should be filed as soon as possible. Having a life insurance attorney to help ensure your appeal is filed quickly and correctly can be invaluable under these circumstances.
Perhaps—there are many circumstances under which you may still be paid. We can evaluate your case to determine your chances of getting paid.
If the dates of the unpaid premiums are still within the policy’s grace period, you may still be able to receive death benefits. Additionally, lapses aren’t always the policyholder’s fault—if the insurance company neglected to give them a disability waiver, for example, you’ll still be entitled to compensation.
If you are a beneficiary of a lapsed life insurance policy, the Texas life insurance lawyers at Boonswang Law can help you understand what your rights are. Call us.
In Texas, the policyholder is the only person legally authorized to change the beneficiary on their life insurance policy. In rare cases, someone with the power of attorney can change the beneficiary on the policyholder’s behalf.
Not under any circumstances. If there’s evidence that the beneficiary on your loved one’s life insurance was changed after their death, the changes are void. Contact our Texas life insurance lawyers for assistance.
In most places in the United States, including Texas, minors can’t directly receive life insurance compensation. Minors who are the beneficiary of a life insurance policy are assigned custodians to manage the benefits. However, the custodian can use the benefits however they like and may abuse that privilege.
If a life insurance policyholder wants a minor to receive the death benefit, they should consider setting up a trust that designates the minor as the beneficiary of the trust. That way, the policyholder can appoint a trusted friend or family member to administer the trust and act as the minor’s fiduciary.
If you are a life insurance policyholder wanting to set up a life insurance trust for a minor, we recommend hiring an estate planning attorney to help you understand the legalities.
Life insurance policies allow the policyholder to name a secondary or contingent beneficiary in case the primary beneficiary predeceases them. However, if the policyholder neglects to designate a secondary or contingent beneficiary, the claim will pay out to the estate.
Yes! Policyholders often only list one of their children as the beneficiary on their life insurance policy. The idea is that the beneficiary will share the compensation with their siblings.
You will not be able to add your siblings to the policy after the policyholder’s death, but it’s perfectly legal for you to share the death benefits with them once you’ve received the funds.
Provided they’re of sound mind, and the change is not coerced, life insurance policyholders may change their beneficiary at any time prior to their death.
If changes were made to your loved one’s policy and you suspect they were made by someone else when your loved one was under duress or when they were in an altered state, you can — and should — contest the change. It’s well known these cases are difficult to prove, so having a knowledgeable TX life insurance attorney on your side is essential.
For divorced or remarried policyholders, confusion may arise over who gets what. State law governs these situations, and the process varies from state to state. Our TX life insurance lawyers can help you understand what the policyholder’s spouse or former spouse is entitled to.