Families purchase life insurance policies to protect their loved ones. Life insurance is essentially a contract between the policy owner and the insurance company (insurer) where the insurer agrees to pay a certain sum of money upon the death of the insured. However, life insurance companies often look for an excuse to deny a valid claim, bringing further agony to a family member’s already painful period.
Insurance companies will attempt to deny claims based on one or more grounds, including misrepresentation, omission, or concealment by the insured at the time of application for the policy or a later amendment. Insurance companies may also attempt to forego a claim based on a missed premium payment. Most life insurance policies are governed by the Employee Retirement Income Security Act of 1974, or ERISA. If the insurance policy is subject to ERISA, you must appeal the decision of the life insurance company to deny the claim within sixty (60) days of the receipt of the notification of denial. Therefore, time is of the utmost essence when dealing with life insurance claim denials.
The denial of life insurance benefits is a contractual problem and requires an attorney that is familiar with the applicable law, including ERISA, insurance law, life insurance applications, life insurance policies, and terminology. That is why you need a top life insurance lawyer. The Trembly Law Firm has experience litigating life insurance denial cases against numerous life insurance companies. If you have a claim that has been denied, the Trembly Law Firm may be able to get the insurer to pay the sum your loved one intended you to receive.