There are many different kinds of life insurance on the market. From group rates, to personalized life insurance, to couple’s insurance for financial safety. There are many variations of each as well, and each needs a decently profound understanding to be able to safeguard yourself against any possible loopholes.
For one such type, it can be especially worrisome, as it involves many people that serve and fight for our country, and should be compensated as such. The TSGLI, or Servicemembers’ Group Life Insurance Traumatic Injury Protection, helps to protect those that are currently putting their lives on the line to protect those that cannot defend themselves.
Who does TSGLI help?
Although no one wishes to hear that a loved one has been injured, the TSGLI can help those that the injured cannot provide for. Specifically speaking, it helps the closest kin to the recently injured service member, who will usually be the family.
This does not always mean that the service member is dead. Instead, the TSGLI is available if the service member has suffered a critical injury that has rendered them unfit for duty, and must be retired or be placed in a hospital. This also includes patients that may be in a coma.
The payouts for the TSGLI policies are not as large as some of the other policies. Whereas some of the personalized insurance policies can reach upwards of millions of dollars, the TSGLI payout rates will usually be somewhere between 25,000 to 100,000 dollars.
What Constitutes a severe injury/traumatic injuries?
Since this kind of policy can be given to many people, there are some stipulations as to what can be considered an injury qualified for a TSGLI payout.
A TSGLI definition of an injury includes something along the lines of a “Qualified Scheduled Loss”. As such, it is an injury that renders the service member unable to perform regular duties on the job. As such, some minor injuries will not be considered to be enough to receive a payout, depending on the type of injury that has occurred.
Is this important?
This is all quite important. For the beneficiaries of the policy, it is important to understand all of the rules and guidelines that come along with the TSGLI plan. For the beneficiaries, if they are to step out of line, the benefits may be forfeited due to the behaviors of the receivers. In the instance of the insured service member, it can come about that they have broken an unknown or sliver of a rule, resulting in them not being able to collect the payout either.
If you have any questions about a denied TSGLI claim, it is best to contact an experienced TSGLI attorney. Having an attorney to explain and to walk you through the processes associated with a denied TSGLI life insurance claim can be extremely helpful, as well as save you potential headaches in the future.
Unsure where to start? Contact us. Our life insurance lawyers are ready to help you with your denied life insurance claim, and get you the benefits to which you are entitled.