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Can Life Insurance Companies Deny a Claim? At first glance, life insurance seems like a fairly simple process. The policyholder applies for insurance with a specified death benefit, and, after he or she dies, the beneficiary or beneficiaries will receive this benefit in full. However, this is not always the case. Insurance companies will frequently … Read more
What is a Spendthrift Clause in a Life Insurance Policy? Let’s start with defining a Spendthrift Trust Provision A “spendthrift trust” is a form of trust meant to protect the heir of an estate from creditors. A trust is created when an individual puts money aside to be managed, invested, and distributed by a trustee. … Read more
What if someone dies soon after getting life insurance? If you pass away soon after purchasing life insurance, your beneficiary could face delays or even a denied claim. Why? Because of something called the contestability period. In this article, I’ll break down how it works, what happens if someone dies within it, and how … Read more
Life insurance pays out a death benefit to beneficiaries after the death of the insured… or at least that is the way that life insurance is intended to function. However, sometimes an insured will pay policy premiums for weeks, months or years and the insurer refuses to honor the policy after his or her death. … Read more
At Boonswang Law we are life insurance claim professionals and experts. We know all too well that sadly, even during a time of loss and duress, a time when receiving the life insurance benefit that the departed loved one purchased and paid for through their entire life, something can go wrong and the beneficiary not receive their award. This can especially difficult for a person or family that might have lost the sole breadwinner of their home, and need the money to simply survive. In such events, the life insurance attorneys at Boonswang Law are here to help to everything to ensure that they are paid life insurance claims due to them.
