Legal Blog

A ruling by the New York Court of Appeals has paved the way for individuals to buy life insurance policies and transfer them as investments.

Filing a life insurance claim after your loved one passes away seems like it should be a simple and quick process.

When your life insurance claim is denied, don’t accept an unfair decision and give up. In most states, insurance companies have up to two years to investigate an approved insurance policy and deny the policy or a claim.

Thousands of life insurance claims are denied each year by companies that say the policy application misrepresents facts about your loved one. The news media report that the amount of money denied to beneficiaries has doubled in the past decade.

Policyholders purchase life insurance to ensure their loved ones have a comfortable life after they pass away. They would be shocked to find out the claim was denied and their loved ones couldn’t make house payments on time or afford basic health care.

Before your loved one passed away, he or she decided to purchase a life insurance policy to ensure you wouldn’t be burdened with large debt and that you would have a promising future.

When a loved one passes away, the last thing you need is the hassle of a contested life insurance claim. Many times, your loved one has purchased life insurance to help defray the costs associated with an expensive burial and funeral, and you need the money immediately.

When a life insurance claim is denied and the appeal is also denied, your next step is engaging in a life insurance claim lawsuit.

Filing a life insurance claim after your loved one passes away isn’t always simple. Once you’ve worked through the system and lodged a claim with the insurance company, there’s still a chance it will be denied.