Winter Park Life Insurance Lawyer
Losing a loved one is a devastating tragedy, especially if their death resulted from an unexpected event, like a car accident. Understandably, you may not know what steps you need to take to ensure your family’s financial well-being after a tragedy like this. Many people purchase life insurance policies that are supposed to protect their families in the event of their death.
When you buy a policy, it creates an agreement between the policyholder and the insurance company. The life insurance company agrees to pay a certain amount of money when the insured policyholder dies. However, like other types of insurance, life insurance companies look for ways to deny your claim. If you are struggling to collect on a valid life insurance policy, don’t fight the company alone. Let a Winter Park life insurance lawyer help.
If you initiate a life insurance claim after your family member’s death, the insurance company will start an investigation before they process any claims. That includes carefully reviewing your initial application and any amendments the insured executed later on. Life insurance representatives are looking for errors, misrepresentation, concealment, or omissions by the insured that they can use as an excuse to deny the claim. If the insured ever missed one policy payment at some point, they may deny your entire claim citing a lapse in coverage.
Making Changes to Life Insurance Policies
People typically go through significant changes in their lives. That includes marriage, divorce, having children, and the loss of family members. Any of these changes should trigger a policyholder to review their life insurance policies. The policyholder is required to notify the life insurance company and update any beneficiaries. This can only be done by the insured. The company will record any changes to make sure the right beneficiaries receive the benefits.
It may be possible to change a beneficiary after the policyholder has passed away in very limited circumstances. That only applies when you can prove there was fraud, coercion, incompetency, or some other situation exists that warrants the change.
Contact an Experienced Winter Park Life Insurance Lawyer Today
When you have lost a loved one who had a valid life insurance policy, you need to open a claim before receiving any compensation. Life insurance can offset unexpected expenses like a funeral and medical costs that accrued before the insured died. You will likely face numerous challenges when dealing with the life insurance company. Expect delays, demands for a recorded statement, and repeated requests for documents, all designed to minimize the amount of money the insurance company will pay.
That is why it’s important to speak with a Winter Park life insurance lawyer who can protect your rights. At Israoui Law, we deal with insurance companies on a daily basis. We know how they operate and the tactics they use to delay or deny claims. Our goal is to make sure they uphold their legal obligations and that our clients receive the fair treatment they deserve as required by applicable laws. Contact our office today to schedule an initial consultation. We offer free, no-obligation consultations, so you have nothing to lose by meeting with us. As we work on a contingency fee basis, we don’t receive any fees or costs unless we successfully recover compensation on your behalf. Call us today to learn more about how we can help with your life insurance claim.