Denied Life Insurance Claim

Many people purchase life insurance policies to help ensure their family’s well-being in the future. A life insurance policy is a contract between the policyholder and the life insurance company, stating that if the policyholder passes away, the life insurance company will pay the policyholder’s beneficiaries a certain amount of money.

Part of the life insurance policy, and therefore the life insurance contract, is the life insurance policy application. When a person applies for life insurance, the life insurance company reviews the application and determines if it will insure the person, and if so, the amount of coverage it will provide, and the amount of the premium it will charge. If a person is approved for life insurance, the person then designates specific individuals, who can be family members or others, who would receive the insurance payment owed by the insurance company if the policyholder passes away. Such individuals are known as the beneficiaries of the life insurance policy.

Once an insured passes away, the beneficiary can file a claim with the life insurance company for payment owed according to the policy. However, life insurance companies can – and do – deny coverage under certain circumstances. Common reasons given for life insurance coverage denials are that the policyholder made a material misrepresentation on the policy application, that the policy had lapsed, or that the person seeking payment was not designated as a beneficiary. These issues are explained in more detail below.

The following are a few examples of settlements or verdicts that Trief & Olk has obtained on behalf of their clients against various life insurance companies in life insurance claim denial cases.

  • Numerous confidential settlements against Metropolitan Life Ins. Co., National Union Life Ins. Co., First-Penn Pacific Life Ins. Co., John Hancock Life Ins. Co., and Mass Mutual Life Ins. Co. (2005-2014)
  • Metropolitan Life Ins. Co. ($205,000 settlement) (2017)
  • Confidential settlement ($675,000) (2014)
  • Claim against competing beneficiary (settlement $260,000) (2013)
  • Metropolitan Life Ins. Co. ($1.7 million summary judgment) (2012)
  • Claim against competing beneficiary (confidential settlement $500,000) (2009)
  • Lincoln National Life Ins. Co. ($250,000 jury verdict) (1984)

Life insurance denial is a contractual problem that requires an attorney that is familiar with insurance law, life insurance applications, and life insurance policies. We have negotiated or litigated many different life insurance denial cases against life insurance companies such as:

  • Banker’s Life
  • First Penn-Pacific
  • GenWorth Life Insurance (formerly known as American Mayflower Life Ins. Co of NY)
  • Globe Life
  • John Hancock
  • Lincoln
  • Met Life
  • National Union
  • New York Life
  • North Atlantic
  • Principal Life Insurance
  • Prudential
  • Transamerica
  • William Penn

Please contact the life insurance attorneys at Trief & Olk today if you have been denied your life insurance claim.

If your life insurance claim has been denied, contact us today.