Life insurance claims don’t always unfold in a straightforward manner. When competing claims arise for the life insurance proceeds, the insurance company is not in a position to determine the rightful beneficiary(s). To avoid paying the benefit to the wrong parties, the company files what is called an “interpleader action” with the court and deposits the proceeds with the court until the matter is resolved. The life insurance company then steps aside and lets the competing beneficiaries work things out through the court system.
If you have been served as a party in an interpleader action, or if you’re seeking to obtain proceeds from a life insurance policy that is subject to an interpleader, swift action is essential to protect your right to make a claim and receive benefits. Generally, the person served must timely file an Answer; and in some cases a cross-claim may be appropriate. Disability Insurance Law Group provides guidance on how best to move forward with your claim in the interpleader action makes sure our clients obtain all life insurance benefits to which they are entitled.
Disputes over life insurance proceeds can arise for many reasons. Some of the most common include:
As you can see, these issues are often complex, requiring in-depth evidence to sort out whether the named beneficiaries should rightfully receive the policy proceeds. Experienced legal representation is necessary for supporting your claim.
We can answer all your questions and advocate for your rights through all stages of the interpleader action. Our attorneys are deeply familiar with the nuances of life insurance law and interpleader actions. Here, your rights are in good hands.
To learn more, call 954-989-9000 or reach out online to schedule a free initial consultation with a member of our firm.
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