Life Insurance Law

Life Insurance

What is Life Insurance Law?

Life insurance, also known as death insurance, is an insurance policy that pays out a lump sum settlement to one's beneficiaries after death. It is a legal contract between the policyholder and insurance company, promising to provide death benefits to the policyholder's beneficiaries after death, in exchange for a monthly premium being paid to the insurer while the policyholder is alive. The premium paid for life insurance depends upon the settlement amount, and it typically increases with the policyholder's age.

There may be issues that arise when making a life insurance policy claim, which leads to the insurance company either delaying payments or denying the claim. Some such problems may include:

  • The policy being under 2 years old at the time of the insured's death
  • Suspicious circumstances surrounding the death
  • Questions about whether or not the policy was active at time of death
  • The insured lied about their health or age when purchasing the policy
  • The insured was a smoker and did not divulge such information to the insurance company

Life Insurance Lawyers

Although most life insurance claims are settled without any issues, there may be times when an insurance company tries to deny or delay paying out death benefits. If you have paid your premiums for a life insurance policy, your beneficiaries are rightfully owed the benefits promised in your contract. Having these claims denied or delayed is an act of bad faith on the part of the insurance company. An insurance lawyer can help right this wrong by investigating the situation and proving that the insurance policy was valid, and payment is rightfully owed. A life insurance lawyer will work with your beneficiaries and the insurance company to ensure that the full benefits are paid to your beneficiaries.

Lawyer Referral Service

If you or your family needs the help of a life insurance lawyer, contact Attorney Search Network. We can refer you to an experienced insurance attorney that will assist you with your life insurance claims and questions.

If you have any questions about the information provided above, please contact us. Call us toll free at (800) 215-1190 or fill out out online form for your Life Insurance Insurance lawyer referral.

If you have any questions about the information provided above, please contact Attorney Search Network.