Number One Reason for a Denied Life Insurance Claim Are people hiding their medical history just so they can buy life insurance? US consumers paid over $15 billion in premiums to buy life insurance in 2023, according to LIMRA. The intent of most is to leave money to their loved ones upon their death. When […]
Employee Life Insurance. Not the Benefit It Claims to Be.
Employee Life Insurance Beware of These Plans. Employee life insurance: A Life Insurance Plan Where Everyone Loses. If more people knew the truths about Employee Life Insurance, employees would never use them and employers would never sponsor them. These plans have endless loopholes that let insurers cancel coverage and deny claims, and shift liability onto […]
Center Proves Opioid Overdose was Accidental. $200,000 AD&D claim paid after Appeal.
Opioid Overdose Accidental Death Claim Paid $200,000. John’s wife was under treatment with two doctors who were each prescribing pain and mood medications simultaneously. Neither was consulting with the other and one of the doctors failed to require her to submit to monthly drug testing. Just before taking a trip to the west coast, she […]
Lapsed Life Insurance Policy Pays $850,000 Claim After Our Audit
This client was the beneficiary of a variable universal life insurance policy. After seven years in good standing the policy lapsed just months before the insured died. The insurer contended that because the policy surrender charge was more than the surrender value, they were correct to have lapsed the policy. Like many people, the beneficiary […]
Life Insurance Claim Pays Out $800,000 Despite Suicide
Life Insurance Claim Pays Out $800,000 Despite Suicide We recently represented a client whose spouse was covered under an employer life insurance plan. Employer life insurance is any life insurance plan that’s offered through an employer. It can be a plan that the employer pays for or the employee pays for. Suicide and Life Insurance […]