What are your rights if a life insurance company denies your claim for life insurance proceeds after the death of a loved one? Life insurance is purchased for peace of mind, and to provide some financial support to loved ones in the event of an unexpected or untimely death. Unfortunately, sometimes insurance companies deny valid life insurance claims without appropriate justification. Far too often, the denial goes unchallenged and insurance companies save millions in unpaid claims, all while retaining premiums paid. Often times the denial of life insurance claims will be based on some apparent inconsistency in the medical records and application for life insurance. For instance, did the applicant accurately disclose all of his or pre-accident health issues. Other times, the insurance company may say that the claims falls under an exclusion. While some denials are valid and enforceable, there are many life insurance denials that are not appropriate.
If a life insurance company has denied your claim as the beneficiary, you owe it to yourself to have the denial reviewed by a lawyer. At Iacobelli Law Firm we have had success in obtaining life insurance proceeds after the life insurance company has denied the claim. For a Free Consultation call the life insurance denial lawyers at Iacobelli Law Firm toll free at 1-866-234-6093 or complete our online contact form here. The consultation is absolutely free and there is no obligation.
Insurance company denied life insurance claim? Many people purchase life insurance policies to provide security and support for loved ones. Unlike most insurance policies, with life insurance the insurance company may perform underwriting when the claim is made rather than at the time of issuing the policy. As such, even though the life insurance policy may have been issued and all premiums paid, the life insurance company may perform a thorough review of the application forms and medical records of the deceased. Often, the insurance company will unjustifiably delay or deny paying life insurance proceeds.
If a life insurance company has denied or delayed processing your claim, you should immediately contact a Toronto life insurance lawyer for an opinion. There are deadlines within which to bring claims against insurance companies. If it has already been several months and the insurance company keeps telling you that they are still investigating, then it is time to speak with a Toronto insurance lawyer. Some unscrupulous insurance companies will seek to drag out the process and lead you on for the sole reason of strengthening their denial, while prejudicing your rights.
Let an experienced Ontario life insurance lawyer review the life insurance policy and provide you with an opinion about your rights. There are deadlines in insurance law and, as such, the wait-and-see approach can be detrimental to your rights. If an insurance company is leading you on, delaying or denying your insurance claim, contact Iacobelli Law Firm for a FREE CONSULTATION.
Often, when we take on a case, we will work on a contingency fee basis so that you don't pay anything unless we are successful in recovering money for you. Call us to for your free consultation at 416-900-1070.
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Dealing with insurance companies can be frustrating. This is particularly true when you are also dealing with the loss of a loved one. Life insurance policies are often purchased by individuals in order to provide financial security for their loved ones in the event of untimely death. Life insurance is supposed to give peace of mind. Sometimes, however, life insurance companies delay or deny payment on valid claims.
In Ontario, life insurance providers sometimes deny benefits on the basis that the deceased made misrepresentations in the application for insurance. In particular, when a person dies within two (2) years of purchasing a life insurance policy, the insurance company may investigate to determine whether the application for insurance was accurate and truthful. The life insurer will review medical records of the deceased and look for any inconsistences between the medical records and application for insurance. Although an insurer may argue that just about any inconsistency voids the insurance policy, this may not be the case.
If a life insurance company has denied the policy and refunded the premium, you should immediately contact an Ontario insurance lawyer for an opinion. An Ontario lawyer with expertise in insurance law can review the life insurance policy and provide you with an opinion about your rights. There are deadlines in insurance law and, as such, the wait-and-see approach can be detrimental to your rights.
Iacobelli Law Firm recently recovered on a life insurance policy that had been denied by the insurer, on the basis that the deceased had made misrepresentations in her life insurance application. The life insurance company investigated the deceased's application and medical records for more than 2 years before finally denying the claim. With the assistance of our firm, the life insurance company agreed to pay the entirety of the life insurance proceeds plus additional money for interest and costs.
If an insurance company is leading you on, delaying or denying your insurance claim, contact Iacobelli Law Firm for a free consultation.
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