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New York Life Insurance Company

New York Life Insurance Company

New York Life Insurance Company is a leading life insurance company that has written many policies in California, and has also has written some of the larger policies on some key personnel in Silicon Valley and Hollywood.

New York Life Insurance Company says:

“Being prepared with life insurance is smart and easy…. Learning about the benefits and protections life insurance offers is easy. And it’s the smart thing to do. Life insurance can protect the ones you love and be the foundation of your financial plan. New York Life offers both term and whole life insurance at a price that works within your budget. You’ll have the peace of mind knowing that you’re backed by one of the strongest, most financially secure companies in the industry”.

New York Life is a mutual company, a more traditional form of an organization, and markets that a mutual company has more concern for its insureds.

New York Life says: “Our entire company is focused on one thing: doing right by you. And that’s not just talk. Because we’re owned by our clients, not Wall Street.”  New York Life Insurance Company is a mutual insurance company, which means it is not publicly traded and has no shareholders. Instead, its policy owners are the ones who share in ownership rights of the company.

The company’s priority is to safeguard their interests.

With a mutual company, clients who purchase participating products are entitled to vote in the board of directors elections and are eligible to share in annual dividends that are declared.  Policies issued by our subsidiary companies are not participating and do not share in these rights. That may be so, but if New York Life Insurance Company believes it can rescind a policy rather than pay a death claim, it will do so, and will certainly say that it must, to protect the interests of the mutual owners.  Your situation is what matters to us, and an early and thorough preparation of the facts is what will make the difference.

New York Life does a strong job of marketing the peace of mind aspects of life insurance.  It regularly asserts that you, the customer, should “…  Trust us with the most important assets. Like your family, finances, and future.”  That is a big weight if taken seriously.

In Smith Vs. New York Life Insurance Co., The jury,  “found that New York Life had acted in bad faith in refusing to pay John Smith the amount of the policy. On the basis of its findings, Smith was awarded $75,000.00, representing the face amount of the policy, along with a $500.00 penalty and $15,000.00 in attorney’s fees.”

Have you suffered the unexpected loss of a loved one, only to have a claim for life insurance benefits delayed, or denied? 

Do you get the feeling that the life insurance company is doing everything it can to avoid paying the claim?  Has the life insurance company sent you a letter stating that they are rescinding the policy, making a rescission, or just sending back the premiums paid? Especially if your loved one had the policy for less than two years before passing away, the life insurance company can become very aggressive at seeking to avoid the policy payment.  Rescission is a favored strategy of the life insurance company, if the policy was issued less than two years before the death.

We can help.  Call LifeInsuranceLawyerNOW.com at (888) 997-4070, or (818) 937-0937, or send an email to us in the form on the side of the screen.  We are highly experienced lawyers, not paralegals, and we know this area.  We get right to it with you and the insurance company, and get many claims paid right away.  If court is necessary, we are regular Federal litigators and will push the life insurance company hard for the well being of you and your family.  We respect you, deal directly with you, and understand not only the law and facts, but what you are going through.  We are here to help.  Contact us as soon as possible, to get your claim paid faster.

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Get A Expert Lawyer – Not A Referral Service

Get A Expert Lawyer – Not A Referral Service

You would think a person who has suffered the loss of a loved one, then has a life insurance company that won’t pay the claim, already has enough on their hands.  When you are looking for a life insurance lawyer, you need a real lawyer, who is experienced in this specialized field.  That is us.

But you have to watch out for lawyer referral services, and other websites that appear to be for a particular law firm but are not lawyers.  All you will talk to is a clerk or paralegal, who is really just handling marketing, and is not a real lawyer. Many of these websites are actually just referral sites, not even from a real lawyer, but just a “middleman” to get you to talk to them – and then they attempt to “farm” your case out, and hopefully get a percentage of any settlement or verdict on your behalf.

At Life Insurance Lawyer NOW. com you will always talk to a real lawyer, one of the best in fact.  We never make you work through clerks and paralegals, just to actually get to an actual lawyer.  We have integrity and we are here to help, not market you off yet again to another law firm.  We do our best to be direct, and talk with your respectfully, to get the key information, and know if we can help.  We know and understand what you are going through, and we are here to help.

You don’t have time to play around going through clerks, paralegals, and marketing people when you have a problem with a life insurance company.  You need to get a real life insurance lawyer on your side, right away.  We will help, NOW, and get your claim paid.  If we know we can’t help, or the law is just against you, we respect you enough to tell you that as soon as we know.  We aren’t a marketing service or a referral service.  We are top-notch, experienced, leading aggressive lawyers, here to help you NOW.

If you have a problem getting your life insurance claim paid, or your policy has been cancelled or has other issues on it, you need to contact Life Insurance Lawyer NOW.com or life insurance justice.com NOW.  Use the form on our site, or email us, or call (888) 997-4070 or (818) 937-0937 to speak directly to an experienced life insurance lawyer.  We are the best life insurance lawyers around, and we are real lawyers, not a lawyer referral service or “middleman”, we are here for you NOW.

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Life Insurance – What Are Incontestability, Contestability, And Rescission?

Life Insurance – What Are Incontestability, Contestability, And Rescission?

Life Insurance – What are Incontestability, Contestability, and Rescission? And how can they affect your claim?

You probably did not know that a life insurance policy that is properly paid for can still be taken away by the life insurance company, and the claim not paid, under laws involving  Incontestability, contestability, and rescission, in the State of California.  What do these terms mean, in California, involving life insurance policies and claims?  Really, these terms and concepts are central to whether the life insurance company will pay on your claim, or not.  We can help, NOW.

The most common thing that life insurance companies are doing to avoid payment on life insurance policies where the premium has been paid has to do with contestability and rescission.  

Rescission and rescind is the legal term for undoing a legal contract sometime after it has been signed and paid for.  The life insurance companies use rescission to undo the life insurance policy – a special legal contract – even after the death of your loved one.  If the claim comes within the first two years of the policy, and is contestable, then the life insurance company will investigate will great energy, looking for something to claim as a misrepresentation on the application.  To a life insurance company, if someone dies from a disease within two years of buying the policy, there must have been a misrepresentation, something that was not disclosed, because life insurance companies try very hard to not issue life insurance policies to people who might actually use them.

The way the life insurance company looks for “grounds” in its rescission investigation, is to usually get all of the applicant’s medical records, for ten years or more before the application.

The life insurance company is looking very hard through every page of what can be hundreds of pages medical records, searching for something, anything, that the life insurance company can say was misrepresented.  We have seen this be as minor as diagnostic test, an x-ray or MRI, that did not reveal anything, to be used by the life insurance company as “grounds” to not pay on the policy, and to rescind the policy.

Under the broad view of the law that the life insurance company likes to argue, it doesn’t even matter if the question of fact was about something that did not contribute to the loss of your loved one.  The insurance company is just investigating to try a big “gotcha” memory test, where they ask a person on the application (with the friendly agent saying, oh, it’s okay) to answer a page of odd, broad questions, going back five, or even ten years, about every kind of medical situation – just to test your memory.  Then, the life insurance company does the medical test “open book” by using an authorization to obtain copies of every medical provider and hospital you have been to in the last ten years.

They use people to review those records, looking for anything that doesn’t get your loved one a “100%” score on the application questions.  If there is anything less than a 100% match between the ten years of records “open book” test that the company uses, and the page of the application done as a memory test for your loved one, the applicant, the life insurance company will rescind the policy, making it disappear, and refusing to pay anything on the life insurance policy.

More than two years after a life insurance policy is issued, it is considered by California law to be incontestable, so the kind of vigorous medical investigation is usually not done by the life insurance company, since it is too late to rescind for misrepresentation.

In California, the important law is in the California Insurance Code, § 10113.5 on contestability, giving the life insurance companies, as they figure it, two years from the issuance of the life insurance policy based on the life insurance application, to assert anything at all that doesn’t match up 100%.

This is California Insurance Code, § 10113.5 on contemptibility:

a) An individual life insurance policy delivered or issued for delivery in this state shall contain a provision that it is incontestable after it has been in force, during the lifetime of the insured, for a period of not more than two years after its date of issue, except for nonpayment of premiums and except for any …California Insurance Code – Insurance § 10113.5

10113.5. (a) An individual life insurance policy delivered or issued for delivery in this state shall contain a provision that it is incontestable after it has been in force, during the lifetime of the insured, for a period of not more than two years after its date of issue, except for nonpayment of premiums and except for any of the supplemental benefits described in Section 10271, to the extent that the contestability of those benefits is otherwise set forth in the policy or contract supplemental thereto. An individual life insurance policy, upon reinstatement, may be contested on account of fraud or misrepresentation of facts material to the reinstatement only for the same period following reinstatement, and with the same conditions and exceptions, as the policy provides with respect to contestability after original issuance.

These are the issues that we regularly fight the life insurance companies on, for decades in Federal Court, United States District Court, to get your life insurance paid NOW.

Contact us at lifeinsurancelawyerNOW.com and lifeinsurancejustice.com to get your claim paid, NOW.

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Life Insurance Lawyer San Diego . Oceanside . Escondido

Many people will agree: the best places to live are in San Diego, and close to San Diego. With miles of coastline, and beautiful land all around, great ocean air, and mostly sunny days, this is a wonderful place to live. We have clients throughout the San Diego area. Most of the time, we are able to work with clients just by phone and email, so they never even have to come to the office. We are happy to make appointments with you, at the office, or to come to you. We work hard to make this difficult time easier for you, so you can focus on other important things.

From the Torrey pins, to the avocado orchards, Comic-Con to Coronado, Apple orchards to the world famous San Diego Zoo, the San Diego area has more than something for everyone. High rises downtown, shoreline, surfing, harbor seals and Navy Seals, San Diego has so much. While spread out, the area is about the eighth most populated city in the United States, and usually the second or third in California. With one of the top climates anywhere, a generally safe and friendly city, we have the privilege of having many clients in the area.

Our clients in San Diego county include families and people who have retired to enjoy the area. For both, our clients tell us that they just want the life insurance company to stop playing games, asking too many questions, and delaying payment. People expect for a life insurance company to pay a policy out without delay, if there is a claim made on the policy. Instead, our clients tell us that they suddenly felt like they had become suspects. The life insurance company did not seem to believe anything that our clients told them. Even more insulting, the life insurance investigation seemed focused on attacking the truth telling of the person who was insured and had passed away. The life insurance company accepted the application, sometimes even the company’s agent filled the application out for the insured. The life insurance company was careful to get a payment whenever it was due. But when the family needs the claim paid, instead they get a tough investigation. Or just a refund check, for the amount they already paid for the policy, instead of the full amount that was promised. We help each of these clients to get what is due under the policy.

Some of our clients in San Diego have moved around a lot making it hard for them to find documents. Don’t worry! We help responding to the life insurance company. We don’t make people who have just lost a loved one, worry more about finding some odd records from the past. Instead, we aggressively push back against the life insurance company, to make them follow the laws and regulations, to quickly review and pay claims. We don’t let life insurance companies avoid payment because someone there has a hunch, or suspicion about things. Claims have to be paid unless there is a very clear legal and factual explanation for not doing it. We know the California law and we make sure that the life insurance company decision makers–who are often not even in the state–follow the laws that protect all Californians, and our clients in San Diego.

Some of our clients in San Diego have interpleader complaints. An interpleader is just a legal process where a judge decides who gets paid the life insurance benefits. An interpleader takes place when two or more people seek the same money. There are competing claims, in the view of the life insurance company. The life insurance company will avoid making a decision, paying one over the other, by filing a lawsuit, called an interpleader. The interpleader process gets the judge to decide, not the life insurance company. The side that does not get paid loses any rights against the life insurance company, too. So an interpleader is the who decision–there are no cases after that.

For our interpleader clients, it is hard when you know you are right and the other side is not. But the problem is, this is now a lawsuit that has to follow the correct legal process. Even people who are right can lose a lawsuit. Lawsuits are lost when a person doesn’t provide all the evidence, in the right way, for the judge to see. There are lots of ways people and even their lawyers lose cases. Because we are often in Federal Court, and we often handle interpleaders, we will make sure that all the good evidence is heard by the judge, so you have the best chance of winning what is right.

We have done this a lot. We take the time to know you and your case. We start working for you NOW. We communicate with you, respond to your calls, are available to you. We focus on how to win your case. If you have a problem getting your life insurance claim paid, rescission, beneficiary disputes, or your policy has been cancelled or has other issues on it, you need to contact LifeInsuranceLawyerNOW.com or LifeInsuranceJustice.com. Use the form on our site, or email us, or call (888) 997-4070 or (818) 937-0937 to speak directly to an experienced life insurance lawyer. We are the best life insurance lawyers around, and we are real lawyers, not a lawyer referral service or “middleman”, and we are nice to work with, too; we are here for you NOW.San Diego Life Insurance Lawyer

Many people will agree: the best places to live are in San Diego, and close to San Diego. With miles of coastline, and beautiful land all around, great ocean air, and mostly sunny days, this is a wonderful place to live. We have clients throughout the San Diego area. Most of the time, we are able to work with clients just by phone and email, so they never even have to come to the office. We are happy to make appointments with you, at the office, or to come to you. We work hard to make this difficult time easier for you, so you can focus on other important things.

From the Torrey pins, to the avocado orchards, Comic-Con to Coronado, Apple orchards to the world famous San Diego Zoo, the San Diego area has more than something for everyone. High rises downtown, shoreline, surfing, harbor seals and Navy Seals, San Diego has so much. While spread out, the area is about the eighth most populated city in the United States, and usually the second or third in California. With one of the top climates anywhere, a generally safe and friendly city, we have the privilege of having many clients in the area.

Our clients in San Diego county include families and people who have retired to enjoy the area. For both, our clients tell us that they just want the life insurance company to stop playing games, asking too many questions, and delaying payment. People expect for a life insurance company to pay a policy out without delay, if there is a claim made on the policy. Instead, our clients tell us that they suddenly felt like they had become suspects. The life insurance company did not seem to believe anything that our clients told them. Even more insulting, the life insurance investigation seemed focused on attacking the truth telling of the person who was insured and had passed away. The life insurance company accepted the application, sometimes even the company’s agent filled the application out for the insured. The life insurance company was careful to get a payment whenever it was due. But when the family needs the claim paid, instead they get a tough investigation. Or just a refund check, for the amount they already paid for the policy, instead of the full amount that was promised. We help each of these clients to get what is due under the policy.

Some of our clients in San Diego have moved around a lot making it hard for them to find documents. Don’t worry! We help responding to the life insurance company. We don’t make people who have just lost a loved one, worry more about finding some odd records from the past. Instead, we aggressively push back against the life insurance company, to make them follow the laws and regulations, to quickly review and pay claims. We don’t let life insurance companies avoid payment because someone there has a hunch, or suspicion about things. Claims have to be paid unless there is a very clear legal and factual explanation for not doing it. We know the California law and we make sure that the life insurance company decision makers–who are often not even in the state–follow the laws that protect all Californians, and our clients in San Diego.

Some of our clients in San Diego have interpleader complaints. An interpleader is just a legal process where a judge decides who gets paid the life insurance benefits. An interpleader takes place when two or more people seek the same money. There are competing claims, in the view of the life insurance company. The life insurance company will avoid making a decision, paying one over the other, by filing a lawsuit, called an interpleader. The interpleader process gets the judge to decide, not the life insurance company. The side that does not get paid loses any rights against the life insurance company, too. So an interpleader is the who decision–there are no cases after that.

For our interpleader clients, it is hard when you know you are right and the other side is not. But the problem is, this is now a lawsuit that has to follow the correct legal process. Even people who are right can lose a lawsuit. Lawsuits are lost when a person doesn’t provide all the evidence, in the right way, for the judge to see. There are lots of ways people and even their lawyers lose cases. Because we are often in Federal Court, and we often handle interpleaders, we will make sure that all the good evidence is heard by the judge, so you have the best chance of winning what is right.

We have done this a lot. We take the time to know you and your case. We start working for you NOW. We communicate with you, respond to your calls, are available to you. We focus on how to win your case. If you have a problem getting your life insurance claim paid, rescission, beneficiary disputes, or your policy has been cancelled or has other issues on it, you need to contact LifeInsuranceLawyerNOW.com or LifeInsuranceJustice.com. Use the form on our site, or email us, or call (888) 997-4070 or (818) 937-0937 to speak directly to an experienced life insurance lawyer. We are the best life insurance lawyers around, and we are real lawyers, not a lawyer referral service or “middleman”, and we are nice to work with, too; we are here for you NOW.