It may be understandably uncomfortable to talk about in polite conversation, but life insurance can serve as a crucial source of support for the policyholder’s dependents in the wake of that policyholder’s death. However, just like companies providing virtually every other type of insurance coverage, life insurers profit by taking in more money through premiums than they distribute through payouts to policy beneficiaries. Unfortunately, they sometimes use underhanded and even outright illegal tactics to maximize their financial gains.
Fighting an unfairly denied insurance claim can be stressful under any circumstances, especially after recently losing a beloved family member. Fortunately, you have help available from qualified life insurance lawyers at Phillips Law Group to enforce your rights and get you the compensation you are owed based on your family member’s policy.
Common Reasons for Life Insurance Claim Denials
Life insurance companies give two main reasons for most claim denials. First, the insurer may claim that the insurance policyholder making the claim failed to pay their premiums on time or otherwise failed to comply with the policy’s terms. While this is sometimes the problem of a claim denial, it is not uncommon for lapses in life insurance coverage to be entirely the fault of the insurance company rather than an individual policyholder.
Second, the insurance company may argue that a policyholder’s death is not covered by their policy — for example, because it occurred past the policy’s set “term” or because the policyholder died because of something like suicide or an act of war. Assistance from a skilled insurance policy dispute attorney can be crucial to proving the insurance company wrong through conclusive evidence showing that their policy should cover a policyholder’s death.
The Benefits of Seeking Legal Counsel
The main reason to seek help from a life insurance lawyer after receiving a rejection of a life insurance claim is simple: the insurance company that issued that rejection prefers that policy beneficiaries try to fight these kinds of decisions alone. Put simply, these companies have years of experience—not to mention extensive financial and personal resources — pressuring and misleading claimants into giving up on entirely valid claims, and they will not hesitate to take advantage of anyone who does not have capable legal counsel to help them push back.
Furthermore, the United States government essentially leaves the governance of life insurance to the individual states, which means the legal rules and protections for one claimant may significantly differ from those applicable to a claimant in a different state. Guidance from a knowledgeable legal professional can be vital in determining what regulations apply to a specific claim and in building a strong appeal that accounts for them.
Get in Touch With a Compassionate Life Insurance Attorney Today
Dealing with insurance companies is never enjoyable, even if the result is positive. Unfortunately, if you try to contest a life insurance claim denial on your own, you are much more likely to endure an exceptionally frustrating experience that results in you and your family not getting the compensation you are entitled to.
Phillips Law Group has been proudly locally owned and operated for 30 years and is dedicated to achieving favorable outcomes for our clients. Working closely with an experienced life insurance lawyer can help ensure you get the best possible result from your unique claim. Call Phillips Law Group today to schedule a free, no-obligation consultation with a member of our team to discuss how we can assist you.
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