Life Insurance Lawyer Reno Nevada

When you have a denied life insurance claim, our Reno Nevada life insurance lawyers can help. When you need a life insurance lawyer Nevada give us a call.

Life insurance policies typically contain exclusions, which are specific circumstances under which the insurer may deny a claim. These exclusions are outlined in the policy contract and are designed to mitigate risk for the insurance company. Understanding these exclusions is crucial for policyholders to ensure their coverage meets their expectations. Here are five common exclusions that can lead to a denied life insurance claim:

  1. Suicide Clause: Most life insurance policies have a suicide clause, which states that if the insured dies by suicide within a certain period after the policy is purchased (often within the first two years), the death benefit will not be paid out. This clause prevents individuals from purchasing life insurance with the intention of providing financial compensation to their beneficiaries through suicide.

  2. Misrepresentation or Fraud: If the insured provides false information or withholds relevant details during the application process, the insurer may deny a claim. For example, if the insured fails to disclose a pre-existing medical condition or engages in risky behaviors such as smoking but claims to be a non-smoker, the insurer could void the policy based on misrepresentation.

  3. Dangerous Activities: Engaging in high-risk activities, such as extreme sports or occupations with significant hazards, can lead to coverage exclusions. If the insured dies as a result of participating in an excluded activity, the insurer may deny the claim. Policyholders should carefully review their policy to understand what activities are considered risky and excluded from coverage.

  4. Exclusions for Certain Medical Conditions: Some life insurance policies include exclusions for specific medical conditions that pose a higher risk of mortality. For instance, if the insured dies as a result of a medical condition listed as an exclusion in the policy, such as certain types of cancer or heart disease, the insurer may not pay the death benefit.

  5. Death During the Contestability Period: Within the first one to two years of purchasing a policy, known as the contestability period, the insurer has the right to investigate the accuracy of the information provided in the application. If the insured dies during this period and the insurer discovers that material information was misrepresented or omitted, they may deny the claim or adjust the payout accordingly.

In conclusion, exclusions in life insurance policies are important provisions that outline specific circumstances under which the insurer may deny a claim.

2023-2024 Reno Nevada Denied Life Insurance Claims Resolved

  • ING accidental death resolved $136,000.00
  • Monumental Life misrepresentation $54,000.00
  • First Capital Life intoxication exclusion $75,000.00
  • Zander Life alleged fraud resolved $210,000.00
  • Reno Nevada life insurance claim $400,000.00
  • American Fidelity beneficiary dispute $509,000.00
  • Nationwide Life interpleader $652,000.00
  • AD&D denial in Reno Nevada $103,000.00
  • National Life act of war exclusion $23,000.00
  • Centennial Life lapse missed one payment $50,000.00

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