Life insurance policies tend to be some of the more intricate policies that one might hold. It would only make sense that those in the military would also be allowed to hold such policies, at the government’s expense generally. But, because of this, there are also strict stipulations placed upon the policies when attempting to claim a certain amount. If these stipulations and requirements are not met, then the claim is quickly denied.
There are a few stipulations involved with military members’ policies that differ from that of a civilian’s life insurance policy. For one, it still holds much of the same requirements, such as paying a certain amount each month, or having to stay within their policy for a minimum required time frame. To that extent, there are also plenty of rules that, if broken, will instantly give cause to deny the claim.
Another stipulation is that, generally, the applicants and recipients must be active military members. Since these policies are generally classified as Servicemembers Group Life Insurance, it is only active during the time that the insured is also active. When one retires or is dismissed, the insured has a chance to switch the policy over to a veteran’s policy later on.
Reasons for Denial
There can be quite a few different reasons for a claims denial. Especially for servicemen and women, the boundaries placed on them can be far crueler and much more restrictive due to how many people are under the policies.
One of the primary reasons for a denial of the claim comes from the insured himself. Generally, a denial comes if the servicemember has done something immoral or illegal. This can be anything from deserting his post, to treason, and anything else. Another section that would force a life insurance to be deemed deniable would be being dishonorably discharged from the service. This makes sense, as the policy is generally a fair bit cheaper for military personnel.
Another problem that can arise that can stifle a claim would be who is actually the beneficiary of the insurance policy. Many would assume that the insurance money goes directly to the spouse or a direct family member, but that is mostly for normal insurances. Instead, for military personnel, the beneficiary is the one explicitly stated in the insurance policy, whomever that may be. This also causes problems when attempting to figure out such things as working around a divorce.
Why Having a Life Insurance Attorney is important?
Military life insurance claims can be extremely tricky. We have only just touched on the surface of what these claims are. Having someone that is experienced and knowledgeable within the field ensures that no extra clauses or small loopholes can be exploited without your knowledge. They can also ensure that you get the maximum benefits and payments that you deserve as a benefactor, and protect you from undue stress and problems that may arise. They can keep you safe, while explaining the entire process to you up front, which is exactly what you need.
If you have a delayed or denied life insurance claim, our life insurance attorneys will get you the full amount of the policy.