Resolution of Life Insurance Policy Disputes
Many individuals purchase life insurance policies to ensure that their loved ones are protected and provided for in the event that they are unable to do so, as the result of an untimely death. Following the loss of a financial provider of a family, beneficiaries can suffer another financially devastating problem — their loved one’s life insurance company may deny or dispute payment of their life insurance claim.
Life insurance can be very complicated. There are many different types of policies including term life insurance, cash value life insurance, whole life and universal life policies.
Insurers Protect Their Bottom Line by Limiting Payouts
Billions of dollars in annual marketing obscures a hard fact: Insurance companies are a business, and they stay profitable by limiting the number of claims that they pay out. As such, they have a financial incentive to scrutinize claims. With vast resources at their disposal, insurance companies know exactly how to protect their interests at all stages of the insurance process, from drafting the policy to the investigation and denial of a claim.
Why Are Life Insurance Claims Disputed or Denied?
Often, insurance companies limit payouts by denying claims based on a claimant’s failure to disclose required information in the application process or failure to strictly adhere to the claim filing process. Common reasons for insurance companies disputing or denying claims are based on allegations of fraud or misrepresentation, policy construction and interpretation issues, effective date of coverage disputes, disputed cause of death and cancellation of a policy because of non-payment of premiums or other premium disputes.
The most unfortunate part of life insurance disputes is that they affect people when they are going through one of the most difficult and stressful times of their lives. At Disability Insurance Law Group, we are committed to providing professional, effective, and compassionate legal representation to our clients. Our lawyers bring more than 25 years of experience and focus in handling insurance benefit claims to bear on our client’s legal matters.
We Can Be Your Intermediary During the Claims Process
Let our attorneys deal with the insurance company for you. The team at Disability Insurance Law Group helps policyholders and beneficiaries during all stages of the claims process, and we have successfully forced insurers to pay billions of dollars in claims that were initially denied. Let our law firm assist you by:
- Advising and guiding you through the application process
- Preparing and handling your appeal of a denial of benefits
- Filing a lawsuit
- Negotiating a lump sum buyout settlement
- Answering frequently asked questions
We Can Help Untangle Your Life Insurance Challenges
To schedule a free face-to-face or telephone consultation with an experienced life insurance lawyer, call our offices in Florida today at 866-363-3628, or reach out to us by email. We serve clients from across the country.