Residents of Pennsylvania, California, Illinois, Michigan, North Dakota, and New Hampshire may soon be entitled to millions of dollars in payouts due to a major settlement with John Hancock Life Insurance Co. and its subsidiary, John Hancock Life and Health Insurance Co. The state Insurance Departments of these six states reached a regulatory settlement with the company over unpaid life insurance benefits. If you want to know how to appeal a life insurance denial in Massachusetts contact us.
What is the John Hancock Life Insurance Settlement About?
The settlement stems from an investigation that uncovered John Hancock's failure to track down beneficiaries of life insurance policies, as required by law. For years, the insurance company did not make sufficient efforts to locate and notify the beneficiaries of unclaimed benefits, effectively pocketing millions of dollars instead of distributing them as they should have.
As a result of this settlement, John Hancock will be required to pay out tens of millions of dollars to rightful beneficiaries who were previously denied or unaware of their entitled benefits. This settlement is expected to result in millions of dollars in additional payments to residents in the affected states, ensuring that families receive the funds they are rightfully owed.
Has Your Life Insurance Claim Been Denied?
Insurance companies are notorious for denying and delaying life insurance benefits, often leaving families in a difficult financial situation during times of grief. Our life insurance lawyers specialize in representing clients whose life insurance claims have been denied or delayed for various reasons, including:
Fraud Allegations: Claims that the beneficiary or deceased policyholder acted fraudulently.
Misrepresentation: Allegations that the beneficiary or deceased policyholder misrepresented facts in their life insurance application.
Improper Policy Exclusions: Insurers improperly relying on policy exclusions to deny valid claims.
Policy Cancellation: Accusations that the policyholder allowed the cancellation of the policy without proper notification or consent.
How Our Life Insurance Lawyers Can Help
If your life insurance claim has been denied or you’ve received only partial benefits, you need experienced legal representation. Our life insurance attorneys will evaluate your claim to determine if the insurance agent or insurer misrepresented the terms of the policy. We are prepared to fight for your rights and secure the payment you deserve, including attorney's fees, emotional distress compensation, and, if appropriate, punitive damages.
We understand the tactics that insurance companies use to delay or deny benefits, and we have a proven track record of helping clients recover life insurance payouts they are entitled to.
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If you are a resident of one of the affected states or have experienced a denied life insurance claim, don’t wait to take action. Contact us today for a free consultation. Let us help you navigate the complexities of the claims process and ensure that you receive the fair treatment and compensation you deserve.