Life Insurance Premium Settlement
After a rather lengthy negotiation The Center for Life Insurance Disputes was able to convince a major life insurer why it was appropriate to waive the surrender charges of a client’s policy and refund his money. The client’s other advisor had already requested the waiver, but they were answered with a definitive denial. The policy owner wanted to avoid a legal life insurance dispute and contacted The Center for Life Insurance Disputes.
His $225,000 was returned and the matter was resolved within weeks.
You may question how The Center for Life Insurance Disputes is able to recover a client’s policy money even after previous requests had been turned down. In this instance it came down to two main reasons. One is because of the existing relationship we have with the insurer. With over 20 years in the industry we have built good relationships with many major life insurance companies. They recognize that a significant benefit to our dispute approach is that we do not file lawsuits. We work with insurers to resolve claims and complaints without the threat of litigation. This approach makes sense and encourages insurers to work with us.
The second reason is that we present sound, fact-based reasoning for an insurer to consider special circumstances. We understand the life insurance business and the people we are dealing with. In this dispute we were able to present our client’s request in a way that had not been considered before, but made sense once it was presented with factual support. The final result in this instance was that everyone walked away satisfied with the outcome, the insurer avoided a costly legal battle, and our client recovered his money.
Life Insurance Premium Settlement.
Also Read:
Chronic Illness and Critical Illness Claims
Life Insurance Lawyers Aren’t Needed to Recover Claims
What to do When An Insurer Cancels Your Life Insurance Policy