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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