Life Insurance Claim Articles

Claiming Your Life Insurance Policy

By Nicole Vinson, Esq.

If you have not yet purchased a life insurance policy and are interested in doing so, it is critical that you diligently and thoroughly read through the document, ensuring all information and facts are correct. If you are coping with the loss of a loved one shortly after the life insurance policy was issued, the insurance company might possibly suggest something known as the contestability clause.

In most states, there is a 1-2 year window that is referred to as the insurance company's contestability time. This indicated window of time is when the insurance company can evaluate the information on the application and decide whether those facts are in fact enough for the insurance company to deem the insurance coverage proper.

If the insurance company decided to contest, they must do so within that time period. Whether the insurance company's reason (s) for contestability is valid or not is to be determined, but contestability can be raised within this dictated time period. After the contestability window has closed, it is extremely difficult for an insurance company to deny benefits to a life insurance beneficiary for facts put forth on he application.

A couple of tips: if you are dealing with the loss of a loved one, and even if their passing occurs within the first 1-2 years after the purchase of their life insurance policy, it does not mean that their life insurance policy will not be honored. The insurance company is within their jurisdiction to investigate within the contestability period.

If the life insurance claim is in fact deemed unreasonable, there are a few options available to you. As beneficiary to the life insurance policy at hand, you have the right to follow claim with the insurance provider. If you believe your life insurance claim is suffering an untimely delay, attorneys like Nicole Vinson at the Merlin Law Group can help.

In addition, the contestability clause is separate from that of the suicide clause. If you are suffering the loss of a loved one due to suicide, there are particular steps that need to be taken. All of these detailed specifics that are individual to the policy and person are extremely important.

If you have questions regarding issues in your life insurance policy, it is advised that you seek legal counsel. Between mourning the loss of a loved one and dealing with insurance company procedures, oftentimes policyholders need an advocate. Attorneys at the Merlin Law Group are available coast to coast for a free consultation and evaluation of your life insurance claim, and hope to be of help to you in your difficult time.

Please do not hesitate to call the Merlin Law Group toll-free anywhere in the nation at 877-449-4700

Life Insurance Claim Articles