No matter who you are, or what you do, life insurance is a big hopeful that many people use as a safety net. Having life insurance can be a huge sigh of relief, as it can help to ensure that, if you are in an accident and pass away, you are able to help those that you used to provide for.
If you are the beneficiary of the contract, it also helps to know that you are okay and have a backup plan in case things go sour. But, there can come cases where these contracts and policies are not as simple, and you may end up getting the short end of the stick.
For instance, SBLI Life has been around for close to a century. They have been able to help people who need affordable life insurance to be covered, as many wish to ensure that their lives are safe. SBLI is known for being reliable and steadfast, and able to help you find the best type of policy just for you. But, there can be some problems that come about due to the application process.
The problem is that the process for acceptance is very vague. Unlike many groups, which require a medical checkup, they do not require one. As such, their policies tend to be quite a bit more strict. Their exclusions are very limiting, which can easily cause problems for anyone trying to claim a policy.
These exclusions can include quite a few situations. Things such as alcohol exclusions and substance exclusion can easily turn into a proper denial. Many insurance companies like to use these as options to deny the payouts, as they just want to make more money.
Other issues that can come up are contract misinformation when working with the insurance company. Many insurance companies will try to use the fact that an illness was not labeled properly, or that a medical issue was not mentioned to state that it is a null contract, and they don’t have to pay.
As such, if you are having any problems, or are attempting to challenge a denial, it is best to find an experienced life insurance attorney to take care of your case. An experienced attorney will be able to gather and categorize the information to solidify your case. Not only that, they can close any loopholes that the insurance companies may attempt to use as a way to take the ground out from under you. The attorneys know that you are not trying to take anything, but just want to move on, and they will do it to the best of their ability.
If your SBLI Life insurance claim was denied, our life insurance lawyers will fight hard to get you the full amount of the policy.