We are happy to announce a $370,000 denied life insurance claim resolved.
What is life insurance bad faith?
Bad faith refers to an insurance company's wrongful or unethical refusal to pay a valid claim made by one of its policyholders. In the context of a denied life insurance claim, bad faith could occur if the insurance company denied the claim without a reasonable basis, failed to properly investigate the claim, or unreasonably delayed the processing of the claim.
For example, if the insurer denies a valid life insurance claim without a legitimate reason, or fails to investigate the claim thoroughly and fairly, this could be considered bad faith. Additionally, if the insurer unreasonably delays payment of the claim, even after the policyholder has provided all necessary information and documentation, this could also be a violation of the insurer's duty of good faith and fair dealing.
When an insurance company acts in bad faith, the policyholder may be entitled to damages beyond the amount of the initial claim, such as compensation for emotional distress, punitive damages, and attorney's fees. If you believe that your life insurance claim has been wrongfully denied, you may want to consult with a top life insurance lawyer.
Our life insurance attorneys will get you the money to which you are entitled.