When one of your loved ones passes away you often have many issues to deal with. There are financial matters to attend to, property, vehicles and insurance, along with just the emotional trauma of losing a loved one. Many people have life insurance and although it can be relatively easy for a beneficiary to collect the life insurance, there are sometimes problems.
An attorney who is skilled in life insurance issues can help with many different issues that can arise when trying to collect on a life insurance claim.
One of the most common reasons a life insurance claim is denied is because the life insurance policy has lapsed in coverage. The policy holder may have forgotten to pay their premiums on time, resulting in a lapse in coverage.
On their initial application, the policy holder may have failed to report something the insurer considers essential. For instance, an insurance company may deny a claim because the insured failed to report a heart condition, diabetes, history of smoking, their income, or failed to disclose they had other life insurance policies.
If the policy holder died outside the scope of coverage their claim may be denied. That is generally within the first few years of the policy’s effective date.
If you have taken all appropriate steps to claim the life insurance benefits and the benefits have been denied, an attorney who specializes in life insurance can help. Working with an attorney who specializes in this type of law will greatly improve your chances of recovering the life insurance benefits. They will present evidence gathered from their own investigation to dispute any wrongdoing. They can also gather all required documents and submit them within the specified time frame set by the insurance company.