Contestable life insurance claim It’s well known that a life insurance policy is contestable during the first two years the policy is in effect. What is not as well known is that if a policy lapses, and then gets reinstated (put back in-force), a new two year contestability period begins at the reinstatement date. In […]
Life Insurers May be Fleecing Beneficiaries with Miscalculated Claim Benefits
Life Insurance Miscalculated Claims Lawsuits filed by the Office of Controller in California, against several of the largest life insurers in the US, have resulted in the payout of $2.4 billion of life insurance claims. Large life insurers including Met Life, Prudential, John Hancock, AIG, New York Life, Pacific Life, and several others, have been […]