Trief & Olk is pleased to announce a jury trial victory in Queens County Supreme Court, in March 2023, in a dispute between two claimants of a Metropolitan Life Insurance policy. Our client, the insured’s wife, was designated as the beneficiary in a change of beneficiary form executed in China, where the insured was living […]
Trief & Olk negotiated a settlement for the full $ 1.2 million life insurance policy on behalf of their client, the wife of the insured. The insured had been experiencing mental health issues, in the midst of which he called the insurance company to cancel the life insurance policy. According to the terms of the […]
By statute, New York State has strictly limited the ability of insurers to contest the validity of a life insurance policy more than two years after the policy was issued (on grounds other than non-payment of premiums).
Trief & Olk’s life insurance attorneys frequently encounter scenarios where the insured has missed premium payments at the end of their life due to serious illness or other causes of incapacitation, leading to the policy lapsing – and leaving the beneficiaries without the proceeds the insured intended them to receive.
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.
UPDATED NOVEMBER 11, 2020: Trief & Olk defeated a second challenge to its successful $3 million verdict against William Penn Life Insurance Company of New York (“William Penn”). On September 15, 2020, the New York Court of Appeals (New York’s highest court) rejected William Penn’s motion to hear its appeal of the decision of the […]
How to Choose Your Beneficiary Whether You are Married or Unmarried When a married person with children obtains life insurance (whether purchasing it directly or receiving it as a benefit of employment), the usual practice is to designate the spouse as the beneficiary, assuming that any life insurance proceeds would be used to support the […]
Trief & Olk has filed a complaint on behalf of its client against American Income Life Insurance Company (“AIL”) in Essex County, New Jersey, alleging that AIL and its agents misled its customers (the beneficiary of the life insurance policy and her now-deceased husband), persuading them to purchase $5,000 in whole life insurance coverage and […]
Individuals who have purchased life insurance in New York are protected by certain provisions of New York’s insurance law, so that policies cannot be canceled or payment denied for failure to pay the premiums on time without the insurance company providing adequate notice. If the proper notice is not provided, the policyholder has the benefit […]
When a marriage ends in divorce, the parties’ attorneys should address issues relating to life insurance to ensure the parties’ intentions are fulfilled years later when an ex-spouse dies. For example, the parties can include a provision in the divorce agreement requiring the party paying alimony and/or child support to maintain life insurance for the […]