No matter who you go through, it is important that you understand the risks and benefits that follow a life insurance policy. Depending on what you cover and how long you are covered for, the benefits can be extremely rewarding. It can help safeguard you against future problems and issues, such as leaving your family with mountains of debt, or making sure to secure a safe college fund for your children in the event that you pass away unexpectedly.
Northwestern Mutual is one such company. Having been around for more than a century, they have a long line of history when attempting to help those that need coverage. Working with many groups, such as LearnVest which they bought out, they have expanded from just life insurance to wealth counseling and advice through their bank known as Northwestern Mutual Wealth Management Company. With such a wide array of resources at their disposal, it can be difficult to figure out why there is such a reason for them to deny multiple claims.
Denials can come from many reasons, and Northwestern Mutual is not the only one. Denials of claims can come from exclusions that were written into the policy, as well as mismanagement of the information and details of the policy itself. This is more seen when you deal with both the employer company, as well as the insurance company as an employee applying for life insurance through the company’s plan.
This is an issue since, if information is not properly given to you, you can easily end up breaking the contract and falling into one of the exclusions. This can result in you not being covered if something happens, and your beneficiaries not receiving the support they deserve.
This is especially true when dealing with such things as alcohol or substance exclusions. Northwestern Mutual is usually very strict on whether or not substances are cause for denial. If the cause of death has something to do with a substance, they will usually attempt to push for a denial based off of the death being planned or not wholly accidental.
Because of this, no matter what part of the process you are in, it is recommended that you find an experienced life insurance attorney to look over your denied life insurance claim. If you are going into a battle over the denial, an attorney can easily help you build up your case, as well as make sure you are helped along every single step. This is because, no matter who you are, they know that you just want to move on with your life, and they plan to help you do so. Our firm just resolved a $312,000.00 denied life insurance claim for the full policy amount plus interest.
If your Northwestern Mutual life insurance claim was denied, our life insurance lawyers will fight hard to get you the full amount of the policy.