Our life insurance attorneys just resolved a $300,000 AIG life insurance claim that was denied due to a material misrespresentation on the application.
Many people pay life insurance premiums diligently for years, remaining confident in the fact that their future is secured. Unfortunately, too often, years later, when a loved one dies and a beneficiary files a claim with the insurance company, they find out the claim is denied.
Get Legal Expert Help
Our firm has handled thousands of claims, and we have been successful 100% of the time. When you speak with us, have a copy of your life insurance policy and any correspondence you have received from the insurance company in hand. Once you have retained us, do not communicate directly with the insurance company. Any attempts from the insurance company to discuss the matter should be referred to your attorney.
Know Your Policy
You need to familiarize yourself with the terms and conditions of your policy. Organize the records that you have so far: receipts of payments, the copy of the policy, and any communications that you have had with the company as well.
Request to speak with somebody who can explain to you why your claim was denied. Ask for the proper justification and clarification as well. If you still cannot agree with the reason/s as to why your claim was denied, then ask them to send you a certified copy of the policy, which you can read through as well.
Submit a form to the insurance company regarding your claim. You need to know that insurance companies are required to act within a specified time period. They should promptly acknowledge your claim, and act upon that as well. They will start an investigation as to why your claim was denied, and throughout the course of that investigation, you should be informed.
Remember that the insurance company should always give specific conditions about the denial. They simply cannot ignore your claim; but instead, resolve it based on fairness and impartiality.
Voiding the Policy
If the insurance company investigates the death of an insured person and finds that a material misrepresentation exists, they have the right to void the insurance policy. This is a contract dispute, not an indication of bad faith on the part of the insurer. An experienced life insurance lawyer can help you fight the life insurance company.
Settling the Claim Out of Court
To avoid the time and considerable expense of a trial, the insurance company may wish to settle the matter out of court. If an offer to settle is made, your lawyer will go over the terms with you in detail and offer advice about whether you should accept the settlement.
It is possible to dispute life insurance claim denials, but you will need to get expert advice to do so. An experienced life insurance attorney can look at the facts of your case and give you appropriate advice. Call us now for a free consultation on how to dispute your life insurance claim denial.