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What Happens When There Are Multiple Beneficiaries Fighting Over A Life Insurance Policy?

Life Insurance Dispute Multiple Beneficiaries Multiple Beneficiaries Fighting Over A Life Insurance Policy? Disputing a life insurance payout when there was clearly a named beneficiary is difficult. However, that doesn’t mean family members or others won’t try to claim money that isn’t rightfully theirs. More Than One Beneficiary If there was more thanContinue reading “What Happens When There Are Multiple Beneficiaries Fighting Over A Life Insurance Policy?”

Life Insurance Claim Denied – Smoking

Smoking and Life Insurance Claim Denials Life Insurance Claim Denied – Smoking Since life insurance policies are typically far more expensive for smokers, people are often tempted to lie on their application about their smoking habits. This is never a good idea. Life insurance claims get denied often because an insured dies, and it isContinue reading “Life Insurance Claim Denied – Smoking”

Life Insurance Claim Denied – Alcohol

Learn About Alcohol and Life Insurance Denials Why Would A Company Deny A Claim Based On Alcohol? Simply put, life insurance companies only make money if they don’t have to pay out claims. If they had to pay out a claim for every single person who actually purchased a life insurance policy, they wouldContinue reading “Life Insurance Claim Denied – Alcohol”

What is the felony exclusion in a life insurance policy and how can it possibly result in the denial of a claim?

Learn about life insurance claim felony exclusions. Life insurance policies usually come with a set of exclusions or things that the policy will not cover. Some of these exclusions are very well known (i.e., the suicide exception), while other exceptions are not. The felony exclusion is one of the lesser-known life insurance policy exclusions. RegardlessContinue reading “What is the felony exclusion in a life insurance policy and how can it possibly result in the denial of a claim?”

How can a last-minute change in beneficiary affect a claim on the death benefits?

Learn about beneficiary changes. The person insured by a life insurance policy can change beneficiaries for the duration of the policy. The only real limitations the insured person may have on changing or designating new beneficiaries to their life insurance policy are those limitations described in the provisions of their life insurance policy. However,Continue reading “How can a last-minute change in beneficiary affect a claim on the death benefits?”

Can a life insurance claim be denied if the insured person passed away because of an accidental drug overdose?

Learn about accidental overdoses and life insurance. It is commonplace for life insurance policies to exclude coverage for certain types of deaths. Usually, these death exceptions in a life insurance policy include death by the use of illegal drugs. If the insured person’s death is excluded under the life insurance policy, the life insuranceContinue reading “Can a life insurance claim be denied if the insured person passed away because of an accidental drug overdose?”

Can a life insurance claim be denied if the beneficiary waits too long to claim death benefits?

Learn about life insurance claim denials. There are many reasons that beneficiaries of a life insurance policy may delay claiming death benefits after an insured loved one passes away. Aside from the grief and sadness associated with losing a loved one, many circumstances may make it difficult for beneficiaries to make their claims. ButContinue reading “Can a life insurance claim be denied if the beneficiary waits too long to claim death benefits?”

What happens to life insurance proceeds if the policy beneficiaries pass away before the insured person?

Learn about beneficiaries passing before insured. People plan for their eventual death by purchasing a life insurance policy so that when they die they can financially take care of their family and other beneficiaries. The whole point of a life insurance policy is for the beneficiaries of the life insurance policy to receive a benefitContinue reading “What happens to life insurance proceeds if the policy beneficiaries pass away before the insured person?”

Can a life insurance claim be denied if the policy premiums are not timely paid?

Learn about life insurance and nonpayment of premiums. https://www.greenmountainlawfirmseo.com/life-insurance-attorney-marketing/ Most people understand that to have life insurance, the monthly premiums must be paid. The monthly premium is another name for the monthly cost of life insurance. If the monthly premiums are not timely paid, it is called a lapse of coverage. If the lifeContinue reading “Can a life insurance claim be denied if the policy premiums are not timely paid?”

What happens if an employer doesn’t properly submit a premium waiver on a group life insurance plan?

Learn about a life insurance premium waiver. Life insurance is a common perk included in an employee benefits package. These policies are called group life insurance policies and they are single life insurance policies that cover a group of people, like co-workers. There are many additional benefits to these life insuranceContinue reading “What happens if an employer doesn’t properly submit a premium waiver on a group life insurance plan?”