Thrivent is a fortune 500 company that works to help those attempting to get their finances in order. They offer counseling to those that may be struggling, as well as advisors that can help build a road map to a better tomorrow for you. They also help to cover things such as disability work insurance, annuities, and trust funds for your children that may need it down the road.
Although this may seem quite good when you start looking for a place to buy life insurance from, it can actually be quite impractical. For instance, if you do plan to buy from them, they will usually attempt to get you to buy a package deal, where you get multiple different coverages to help your needs. This may seem well and good and all, but it can actually be a detriment. This is because the premium rates attached to these kinds of packages can be astronomical, and can increase at the drop of a dime if you are not careful.
Not only do the premiums increase, but the number of exclusions generally increase as well. Things such as problems with the documentation, or problems with the cause of death can lead to a denial of the insurance claim. When documentation is off, it usually involves the forms and contracts that you, or the policyholder, signed at that time. For instance, if the policyholder had their wife as the beneficiary, but changed it to you without letting the insurance company know, it can lead to a denial due to the faulty paperwork. This is also most often seen when attempting to deal with an employer insurance policy as well.
Exclusions are a large reason as to why a denial might occur in the claim process as well. These exclusions include things like suicide exclusion, alcohol or substance exclusion, as well as self-inflicted injuries. In most cases, the clauses of exclusions generally cover any issue that might perceive the cause of death as being done by the policyholder themselves, and that is what will be argued by the insurance company. This is because they will generally attempt to get out of giving the payout, as that will decrease the overall amount that they have made off of this policy. As such, you will end up on the receiving end of a denial more often than not.
Because of this, it is important to find and hire an experienced life insurance attorney to deal with your case if you do plan to challenge the denial. Having a top life insurance lawyer beside you ensures that the insurance company will not be able to try any underhanded tactics to get you to fall for a loophole. Not only that, they can help you make sense of the heavy information about the contract and policy, as well as any information about the denial. They know that you just want to get on with your life, and will always do their best to make that a reality. We just resolve a $157,000.00 denied life insurance claim for the full policy amount.
If your Thrivent Life insurance claim was denied, our life insurance lawyers will fight hard to get you the full amount of the policy.