Unfortunately, one of the most common reasons insurance companies refuse to pay a life insurance claim is because the insured smoked, but did not disclose their past or current smoking habit on their initial life insurance application and medical questionnaire.
Yes, you can appeal a life insurance claim denial. How you do it depends on where the policy came from. If the coverage came through an employer, it’s probably governed by ERISA, a federal law with strict appeal rules that can decide the outcome of the case. If it’s an individual policy you or the…
A life insurance policy may count as a marital asset, depending on what law or laws control the policy. Whether or not it is a marital asset, an insurance policy will be subject to both federal and state insurance law as well as community property law.
Life insurance interpleaders are the legal actions filed when there is a dispute over who should be the beneficiary and receive the death benefit.
Find out from the experienced life insurance lawyers at Boonswang Law how a life insurance policy gets rescinded, and what to do if you are a beneficiary of a rescinded life insurance policy.
The general rule is that in many states divorce does not affect a beneficiary designation in a life insurance policy, however, in some states it does. Sometimes a divorce decree will override a previously named beneficiary on a life insurance policy. It depends upon what state and federal law controls the life insurance policy and … Read more
This article will explain the common ways in which life insurance companies underpay valid beneficiary claims for death benefits and the reasons why.
Sometimes the way a loved one dies exacerbates the grief of friends and family members. Autoerotic asphyxiation can be one of those causes of death, but life insurance beneficiaries often have more problems to deal with than their embarrassment or shame when an insured dies that way.
Most life insurance claims are paid. When one isn’t, the insurer will point to a reason, and the reason sounds final in a denial letter. In my experience, many of them aren’t. Some denials are correct. Others rely on an exclusion that doesn’t fit the facts, an application error that had nothing to do with…
Life insurance generally covers a death from COVID-19. Standard life insurance policies don’t have a pandemic exclusion, so an insurer can’t deny a claim simply because the insured died of COVID-19. When these claims are denied, the denial usually rests on something else: the application, the contestability period, a lapse, or, for accidental death coverage,…
