Denial of Life Insurance Claim Due to Claimed Material Misrepresentation in New Hampshire

Denial Of Life Insurance Claim Due To Claimed Material Misrepresentation

Life insurance serves as a financial safety net, ensuring that your loved ones are protected in case the unexpected happens. When an insured individual passes away, their beneficiaries often rely on the life insurance policy to provide financial security during challenging times. However, the process of filing a life insurance claim can become complicated when the insurance company alleges “material misrepresentation” on the application.

The Contestability Period in New Hampshire

After a life insurance policy is issued, there exists a period known as the “contestability period.” In New Hampshire, this period spans two years from the policy’s issuance. During this time, the insurance company has the right to review the application for any inaccuracies or discrepancies. If they discover what they believe to be “material misrepresentations,” they can contest the claim, leading to its denial. Essentially, the contestability period is a safeguard for insurance companies to ensure that the information provided in the application is accurate.

What is Material Misrepresentation?

Material misrepresentation encompasses any false statements or omissions, intentional or not, that would have influenced the insurance company’s decision to issue the policy. In other words, if the insurance company had known this information at the time of application, they might have either denied the policy or issued it with different terms, such as higher premiums or lower coverage amounts.

Where Material Misrepresentations Can Occur

Material misrepresentations can occur at various stages of the life insurance process:

1. Life Insurance Application: This is the initial application submitted when applying for life insurance.
2. Life Insurance Application for Renewal: If your policy requires periodic renewals, any false information provided during the renewal process can lead to a claim denial.
3. Life Insurance Policy Amendment: Changes made to your policy can also become grounds for denial if they contain material misrepresentations.
4. Life Insurance Application for Late Enrollment: If you decide to enroll in a life insurance policy after the initial application, the same rules apply. Any material misrepresentations can lead to claim denial.

Common Examples of Material Misrepresentation

Some common examples of material misrepresentation include:

1. Failure to disclose doctor visits, hospital stays, or medical tests: Concealing information about your health can be deemed material misrepresentation.
2. Occupation and Employment History: False claims about your job and employment history may lead to issues during the claims process.
3. Assets and Financial Status: Misrepresenting your financial situation can have an impact.
4. Age and Income: Providing incorrect information about your age and income can be problematic.
5. History of Tobacco or Alcohol Usage: Concealing habits such as smoking or excessive drinking can also be considered material misrepresentation.
6. Existing Life Insurance Policies: Failing to disclose other policies can lead to claim denial.
7. Dangerous Hobbies or Traits: Any risky hobbies or traits should be disclosed to the insurance company.

Why Consult with Our Life Insurance Attorneys?

Life insurance is tightly regulated at the state level, and each state may have its own specific laws and regulations. In New Hampshire, these regulations can significantly impact the outcome of your denied life insurance claim due to alleged material misrepresentation.

It’s crucial to remember that insurance companies may contest claims in an attempt to avoid payouts. In such cases, beneficiaries need experienced legal representation. A Life Insurance Attorneys helping New Hampshire can help you navigate the complexities of the state’s laws, negotiate with the insurance company, and advocate for your rights to secure the benefits your loved one intended for you.

Avoiding Common Mistakes When Facing Denied Life Insurance Claims

Dealing with a denied life insurance claim due to claimed material misrepresentation can be a stressful and challenging situation for beneficiaries. However, there are specific steps you should take and mistakes to avoid to increase your chances of a successful resolution. As Life Insurance Attorneys helping New Hampshire, we’re here to guide you through this process. Here are some common mistakes to avoid:

1. Panicking and Giving Up

Facing a denied claim can be disheartening, but it’s important not to panic and simply give up. Insurance companies often count on beneficiaries feeling overwhelmed and accepting the denial. Instead, stay determined and seek legal counsel. An experienced attorney can help you navigate the complexities of the situation.

2. Delaying Action

Time is of the essence when dealing with a denied life insurance claim. Insurance companies often use delay tactics, hoping that beneficiaries will eventually drop their claim. Don’t let this happen to you. Consult with an attorney promptly to initiate the necessary legal proceedings and push the insurance company to act.

3. Going It Alone

One common mistake is trying to handle the claim denial on your own. Insurance policies and the legalities surrounding them can be complex. Our Life Insurance Attorneys helping New Hampshire understands the nuances of state laws and can advocate on your behalf. Don’t go it alone – seek professional legal representation.

4. Not Reviewing the Denial Letter

It’s essential to carefully review the denial letter provided by the insurance company. This document outlines the reasons for the denial and provides valuable insights into the company’s stance. Share this letter with your attorney, as it will help form the basis for your case.

5. Ignoring Material Misrepresentation Allegations

If the insurance company alleges “material misrepresentation,” don’t ignore it. Material misrepresentations include false statements or omissions that, had the insurance company known at the time of application, would have led to a different decision, such as a denial or higher premiums. Work with your attorney to address these allegations and gather evidence to counter them.

6. Not Gathering Evidence

Beneficiaries often make the mistake of not collecting sufficient evidence to support their claim. Your attorney will guide you in gathering the necessary documentation, which may include medical records, financial statements, employment history, and other relevant information to demonstrate that the alleged misrepresentation is unfounded.

7. Failing to Communicate

Effective communication with your attorney is crucial. Share all the details and information you have regarding the policy and the denial. Open and honest communication helps your attorney build a strong case on your behalf.

8. Settling for Less Than You Deserve

Some beneficiaries, feeling the pressure, may settle for less than they deserve. Your attorney will work tirelessly to ensure you receive the full benefits intended by the policyholder.

When faced with a denied life insurance claim due to claimed material misrepresentation, it’s crucial to consult with our experienced Life Insurance Attorneys that can help New Hampshire. We understand the legal intricacies of life insurance in the state, and we’re here to bring the insurance company to the table promptly. Don’t let mistakes derail your claim – take the right steps to secure the benefits you and your loved ones are entitled to.

Denial of Life Insurance Claim Due to Claimed Material Misrepresentation Client Story

This client story is for educational purposes only.

Meet Ashley from Manchester, New Hampshire. She had always imagined growing old with her high school sweetheart, Mark. They were inseparable, their laughter echoing through the halls of their cozy home. But life doesn’t always follow the script we write for ourselves.

When Mark tragically passed away, Ashley was left not just with a shattered heart but also with the burden of dealing with the aftermath. Amidst the waves of grief, she expected the life insurance policy that Mark had diligently invested in to provide some solace. However, her world turned even darker when the insurance company denied her claim, citing “material misrepresentation” in Mark’s application.

Confused and overwhelmed, Ashley felt the weight of the injustice crashing down on her. How could they deny her the support Mark had wanted to leave for her? Feeling lost and hopeless, she reached out to Trief and Olk, the life insurance law firm helping those in New Hampshire, hoping for some glimmer of hope in the storm of her despair.

From the moment she connected with their team, she felt a sense of reassurance. They listened to her story with compassion, understanding the depth of her loss and the injustice she faced. With their guidance, Ashley learned that the alleged material misrepresentation could be challenged, and she could fight for the benefits that rightfully belonged to her and their shared future.

The team at Trief and Olk became her steadfast allies, navigating the complex legal terrain with clarity and determination. They meticulously gathered evidence, untangling the intricate web woven by the insurance company, and tirelessly advocated for Ashley’s rights.

In the face of adversity, they stood by her, providing not just legal experience but also emotional support. Ashley found solace in their unwavering commitment and dedication. With their help, she was finally able to secure the life insurance benefits that Mark had intended for her. Their guidance not only brought her financial stability but also a sense of justice and closure in a time of deep emotional turmoil.

Through her journey with Trief and Olk, Ashley discovered that she wasn’t alone in her fight. Their compassionate approach and relentless pursuit of justice illuminated a path through the darkness, allowing her to honor Mark’s memory and rebuild her life with the peace and support she deserved.

Contact Our Life Insurance Attorneys for Help with a Denial of New Hampshire Life Insurance Claim Due to Claimed Material Misrepresentation

If you find yourself in the difficult situation of having your loved one’s life insurance claim denied due to material misrepresentation in New Hampshire, you’re not alone. Our experienced Life Insurance Attorneys helping those in New Hampshire at Trief & Olk are here to stand by your side during this challenging time.

When a loved one passes away during the contestability period, the insurance company often launches an investigation to scrutinize the life insurance application. If they allege material misrepresentation as the cause for denial, the path ahead might seem daunting. But it’s important to remember that the matter of whether a misrepresentation is truly material can be debatable.

This is where our experience comes into play. We understand the intricacies of life insurance laws, and we have a proven track record of helping beneficiaries like you successfully appeal life insurance claim denials. We recognize that the alleged misrepresentations may not always be material, and we know how to apply the pressure needed to secure the life insurance proceeds you rightfully deserve.

At Trief & Olk, we offer free consultations to discuss your specific situation. We’ll carefully review your life insurance documents without charge, helping you understand your options and the best way forward. Our experienced Life Insurance Attorneys helping those in New Hampshire are dedicated to working diligently to get you the life insurance proceeds you are entitled to.

Remember, insurance companies are often willing to settle out of court, but we also have the litigation experience to take your case to trial if necessary. Rest assured that we are here to guide you through every step of the process and provide the legal experience and support you need to face your life insurance claim denial head-on.

Don’t face this challenging journey alone. Contact Trief & Olk today, and let us help you navigate the path towards securing the benefits intended for you and your loved one.