Posted on

When Does A Life Insurance Company Consider Someone To Be A Smoker?

When Does A Life Insurance Company Consider Someone To Be A Smoker?

Your Life Insurance Company Says Your Loved One Was a Smoker, but They Were Not! When Does A Life Insurance Company Consider Someone to be a Smoker? When the life insurance application asks if you are a smoker, what exactly does that mean to an ordinary person, and to a life insurance company?  What is the generally accepted definition of a “smoker”?

An ordinary person may consider himself to be a non-smoker, because he only smokes a few cigarettes on the weekend.  In his own mind, the fact that he doesn’t smoke Monday through Friday, means he is a non-smoker.

The application should ask how much, how often, and how many years the policy applicant has smoked. One cigarette after dinner occasionally does not make one a smoker.  Vague and unclear questions are naturally vulnerable to different meanings at different times.  Some life insurance companies may try to maximize the smoking issue to avoid paying on a policy, even using it as a ground for rescission and denial of the payment.

When Does A Life Insurance Company Consider Someone To Be A Smoker?

Unless a life insurance company is much more specific in its questioning, the common meaning of the term smoking should prevail.  Only when the life insurance begins to ask much more specific questions, such as “have you used any tobacco products in the last twelve months”, does this become a more narrow factual question.

According to Nerdwallet, “Under Mutual of Omaha’s life insurance guidelines, meanwhile, you qualify for the best rates if you haven’t used tobacco or nicotine products for three years. For the next-best category, you must have abstained for two years, and for the third best, one year. For all three of those categories, you can smoke up to one cigar a month and qualify as long as the lab test comes back clean. For the next rung down — standard nonsmoker — some applicants who occasionally smoke marijuana may qualify, as long as they haven’t used tobacco for 12 months.”

To Some Life Insurance Companies, Any Tobacco Use Makes You A Smoker

The fact of any smoking by a life insurance policy holder is subject to further policy “rating”, but this is often not made clear on applications and questionnaires.

To a life insurance company, especially when reviewing a claim made within the first two years of a policy (the contestability period), any use of any tobacco within some prior time period, may mean that the person is a smoker, even if no ordinary person would ever consider the person to be a smoker.

This is a clear violation of the rule that legal documents must use terms in their ordinary, common sense, or if a specific meaning is intended with the term, a clear definition of that special meaning, and indication of the use of the special meaning, has to be involved.

However – a smoker can’t hide smoking in an application – that would fall into the category of misrepresentation.

Usually, any sign of mild tobacco use will be eliminated from a test result after a week anyway–but would a life insurance company still call that person a smoker? Many life insurance policies will allow limited use of cigars, such as a dozen cigars a year, but the smoking of more cigars would probably label someone as a smoker.

Did Your Loved One’s Life Insurance Company Test For Smoking?

  • If a life insurance company actually cares about whether its applicants are smokers, they can easily test for nicotine.
  • A blood test can show nicotine in a person’s blood up to three days since any tobacco use.
  • The life insurance company can test for cotinine, which is related to nicotine and stays in a person’s system much longer.
  • Urine tests are even more sensitive for smoking than blood tests.

A life insurance company can easily adjust the policy rating and costs for a smoker. Especially for a younger person, smoking is not as big an actuarial negative, because that person may quit, and because many illnesses from heavy smoking take many years to develop.

Any life insurance company that seeks to have people misunderstand questions, by asking confusing questions or using words in a very particular and uncommon way, should not expect that it will get away from paying policies for people who have sadly passed away too soon.

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 Life Insurance Lawyer NOW.com or life insurance justice.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 for a free consultation.   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.

Posted on

Transamerica Life Insurance Company – Claim Denial Is Their Plan!

Transamerica Life Insurance Company – Claim Denial Is Their Plan!

Transamerica Life Insurance Company will often utilize “rescission” or the “rescind” legal defense to keep from paying you any life insurance policy benefits, even though you paid all that was owed on the life insurance policy.  Additionally, if the life insurance policy was purchased less than 2 years before the tragic loss of your loved one (known as the contestability period), the life insurance provider and their lawyers will investigate the application and every possible medical record looking for any way to keep from paying you – with Transamerica Life Insurance Company, claim denial is their plan.

Transamerica will investigate the life insurance application (for all term life, whole life, and accidental death policies), and scrutinize the health condition of the insured in such detail it will feel like you are accused of a crime.

Do You Know What “Rescission” Is?

Here’s an in-depth look at this severe and often times “bad faith” tactic that Life Insurance Companies will use to avoid paying you. The insurer will cancel the policy, claiming it was you who has lied and misled them – and that the now “voided” policy has never even existed due to your actions.

“Misrepresentation” is another card the Life Insurance Company will play – and just like Rescission, the goal is to avoid paying a dime of the Life Insurance Policy benefits.

The Insurer’s Goal Is To Find Any Sliver Of  What Can Be Seen As“Misrepresentation” On The Life Insurance Application.

Transamerica life insurance company often claims that the insured was a smoker, even though they were not.  Another favored defense is to get medical records from 6, 7, even 8 years before the application was filled out, records that even the insured has never seen, to claim that the person suffered from some medical condition they never told to Transamerica.

And just with those accusations, Transamerica will not pay the life insurance benefit, based on misrepresentation, even on bigger policies of $500,000 or more.  The beneficiaries need the right, and experienced life insurance attorney to help fight Transamerica, and get these insurance contract claims paid.

Here’s just a random review from almost 200 reviews on the website:

“My disgusting saga with TransAmerica began in August 2019. My Elderly parent has a life Insurance policy with TA. I have faxed information, paid a great chunk of money sending certified and registered mail, repeatedly; only for these no count representatives to lie and say they have no record of receiving any of the mail or of our request. They have illegally blocked us from accessing forms from their online website; and every other violation that can be done over the phone, all while they faithfully collect premiums every month without fail…”

You need to know, too, that Transamerica has teams of very competent lawyers already working for the life insurance company.  These lawyers are experienced and know the Transamerica claim denial playbook by memory. Do you want to go up against them on your own?

Transamerica Lawyers Will Leave No Stone Unturned To Find Supporting Evidence To Not Pay The Benefits Claim.

We have had numerous battles with the Transamerica lawyers, and we also know their playbook, and which facts are important or not to use to win your claim.

You need experienced, tough life insurance lawyers like us on your team, to lead the fight against any unjustified Transamerica life insurance company claim denial and rescission on your life insurance claim.

When An Insurance Company Reviews Claims For Death Benefits, They Have A Duty To Act In Good Faith.

When an insurance company fails to act in such a manner, the beneficiary of the life insurance policy benefits may be able to file a civil lawsuit against the insurance carrier for the value of the life insurance benefits that were wrongfully denied.

Don’t Make The Mistake Of Fighting Transamerica Alone

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. We are experts in life insurance law.

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 Life Insurance Lawyer NOW.com or life insurance justice.com.  Use the form on our site, or email us directly, or call (888) 997-4070 or (818) 937-0937 to speak directly to an experienced life insurance lawyer for a free consultation.   We are the best life insurance lawyers you will find, and we are experienced lawyers, not a lawyer referral service or “middleman”, we are here for you NOW.

Posted on

Don’t Wait On Your Life Insurance Company!

Don’t Wait On Your Life Insurance Company!

Life Insurance Companies need someone to Push Them to pay benefits. Getting your claim paid will take action – just Don’t Wait on your Life Insurance Company!

We talk to many nice people who unfortunately made one big mistake: they waited for the life insurance company act in their best interest. Guess what the Life Insurance Company’s goal is? To NOT pay you!

We always tell people that a life insurance company can pay benefits very quickly and easily.  The company can pay as soon as they have proof that the policy premium was paid, and that the insured really did pass away.  Everything else a life insurance company does, instead of paying the benefits right away, is not in your interests.

When a life insurance company takes too long to pay, they are looking for a way to not pay the benefits.

Even though the “nice” claims handler says they are working on their “investigation” so they can pay you, they are not.  The life insurance company is looking for a way to avoid paying anything to anyone – especially if they have used the term Rescission.

The Life Insurance Company doesn’t want you to have an experienced lawyer!

Why? Because we know the games and tricks they play, and we won’t fall for them. Only if they are pushed by a tough, knowledgeable lawyer, will they know they are out of time, and have to pay you NOW.

  • On policies that were sold more than two years before a person passes away, the life insurance company will be looking to cancel (rescind) the policy.
  • If the benefits have been transferred or there is a change of beneficiary designation, the life insurance company will also be looking for a way to void the policy.

Has your life insurance company kept your claim open for months, or a year, after your loved one passed away?

The waiting game is exactly what they want to do – to drag the process out so long that you will just give up.

Most people don’t know that we are available to help get their policies paid.  Most people believe that they can rely on the life insurance company, and trust them to follow the applicable law.  The reality is different.  There is too much money involved for the life insurance company to not try everything and anything to avoid payment.

Too many people work without an experienced lawyer, and don’t call us until it may be too late.

By giving the life insurance company unlimited time and the ability to construct some mistaken or false narrative, you and your loved ones are less likely to ever get the policy benefits that you deserve. 

Don’t wait another day hoping for a life insurance company to make a decision for your benefit. You need an experienced lawyer now.

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 Life Insurance Lawyer NOW.com.

Use the form on our site, or email us, or call (888) 997-4070 or (818) 937-0937 for a free consultation 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 here for you NOW.

Posted on

Life Insurance Near Death Beneficiary Changes

Life Insurance Near Death Beneficiary Changes

Do You Have Questions About Life Insurance Near Death Beneficiary Changes? When there is a change to a Beneficiary Designation made within the last 30 days of someone’s life, there are always extra questions raised and detective work needed. Here are 3 Important Facts About Near Death Beneficiary Changes.  

If someone is seriously ill, and they know that they may not have long left to live, these changes may or may not be appropriate or enforceable.

Questions about the person’s mental and physical condition are important – this information will influence the outcome of the trial and decide WHO will be the true beneficiary!

  • Did the person felt safe and secure? Where were they living? Could they have been tricked or coerced into signing what is an important legal document?
  • How were they being treated? Was a caregiver or family member threatening or abusing them? When in a weakened state, people are much more vulnerable and can be easily victimized. Perhaps you have seen instances on the late night news of security cameras displaying crimes inflicted on the elderly.

While changes to a Will or Trust may have been performed by the deceased while being mentally sound, these are vitally important legal concerns that need to be investigated. People can be very crafty when large amounts of money are at stake – and family issues can influence a members actions to give themselves a “larger piece of the pie”. We have all heard stories of mysterious and previously unknown “relatives” appearing when an individual with assets is close to death.

We have seen many questions about “near death” beneficiary designations – and we are very experienced in using the tools of the Court, and other investigations to determine these facts. Sometimes, there are medical issues where we use specialized doctors and nurses to help uncover the truth.

  • Signatures are a crucial issue; as well as who “witnessed” this signature. Is the witness the same person as the new beneficiary? Forgery is of essential importance in matters of beneficiary disputes. According to LifeAnt.com, if there is any evidence that another party assisted in the addition of the beneficiary change, red flags will be raised.

We are very experienced at working with the leading handwriting experts nationwide to put together your strongest case possible, so that the truth of what really happened has a chance to be heard in Court.

Near Death Beneficiary Changes Often Include The Wrong Beneficiary

Once the insurance company pays the wrong beneficiary, the situation will generally turn into a more complicated legal battle.

Sometimes, our investigators will have to dig into evidence that others easily overlook, so we can present it to the life insurance company, and to the judge and jury, if necessary. While we work hard to obtain all the supporting evidence, we don’t burden our clients with long lists of chores or activities to do; we will help with everything. We really want to see the life insurance company pay the right beneficiary.

The life insurance company takes it as their mission to try to not pay on any policies, if there is any way they can find to avoid it, no matter the time it takes to investigate, even at the risk of getting sued. The life insurance company will investigate every bit of information in your application, looking for anything that you can’t prove, and use that to rescind the policy .

You really need an experienced life insurance lawyer to help make sure that the truth is found regarding Life Insurance Near Death Beneficiary Changes.

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, and 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 Life Insurance Lawyer NOW.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 experienced lawyers, not a lawyer referral service or “middleman”, and we take pride in being here for you NOW.

Posted on

How We Make Companies Pay On Life Insurance “Small” Policies

How We Make Companies Pay On Life Insurance “Small” Policies

How We Make Companies Pay on Life Insurance “small” policies

We don’t like it when a life insurance company refuses to pay on a “small” life insurance policy.  A promise is a promise, and that life insurance company promised to pay in the tragic event of the loss of a loved one.  Your loved one cared enough to get the life insurance policy, to pay for the life insurance policy, and do whatever the life insurance company requested to keep the policy active.  Life insurance “small” policies are important policies – as $25,000 can mean a huge difference to a regular family.  The point, even more than the size of the policy, is that the life insurance company made a promise – and we will hold them to pay what they promised.

Life insurance companies will exaggerate or misstate information in a medical questionnaire to make it look like the insured made a misrepresentation. 

Almost always, when a life insurance company says one of our clients “misrepresented” a medical fact, or mistakenly answered something on a medical questionnaire, they are seeking to put the blame on YOU.  We are very experienced at reviewing medical records, to determine if a person even knew of a medical test or condition, that the life insurance company contends they withheld.

We litigate life insurance “small” policies with great energy and vigor.  The life insurance company will be held to comply with all of the regulations and laws, even if they are from outside of California.  Too often, life insurance companies seem run just by business people without any advice from lawyers who actually know the laws of each state.  We will get all the facts supporting payment on your policy, and show how the life insurance company does this wrongful conduct to many other beneficiaries.

Here’s an informative article on the “tricks” an insurer will do to avoid paying your claim.  Life Insurance “small” policies are not “small” in any meaning of the word!
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.
Posted on

California’s Special Insurance Laws And Regulations

California’s Special Insurance Laws And Regulations

California’s Special Insurance Laws and Regulations  

Life insurance companies are generally large corporations that sell life insurance policies in all fifty states – but these life insurance companies do not always make the effort to learn all of the requirements that each state may have regulating life insurance.  Many times, these life insurance companies are owned by large, international corporations.

California, being the biggest state, also has many times more laws and regulations which control how a life insurance company can act. 

Too many times, we have seen a life insurance company not really know that California has thousands of pages of the Insurance Code – laws affecting life insurance – and the Code of Regulations, and hundreds of different insurance cases from the California Courts.  The life insurance companies think that handling life insurance claims is more or less the same in these various states, even though they are wrong: California is very specialized and complex – and we know how to use California’s Special Insurance Laws and Regulations to your advantage.

There are many special California laws and regulations about insurance, which are largely ignored by the many lawyers and executives of life insurance companies.  You really need a lawyer who knows California bad faith insurance laws, and regulations, and all about life insurance.

Life insurance companies gloss over the California Department of Insurance regulations, such as the published “Fair Claims Settlement Practice Regulations” under Title 10 of the California Code of Regulations.  Although Title 10 cover many regulations, the regulations provide a concise time limit for claims handling, and every adjustor needs to be trained in it, we have found that there is deficient training in these regulations for many out-of-state insurance companies that do business with California insured.

California Code of Regulations Section 2695.5 sets out limits insurers must comply with when adjusting claims:

  • When an agent or other insurance representative receives a claim, that claim must be immediately tendered to the insurer; Within 15 days of Notice of a claim, the insurer must acknowledge receipt AND provide the insured with all necessary forms and instructions AND begin the investigation of the claim;
  • An Insurer must respond within 15 days of any inquiry from the insured and within 21 days of any inquiry from the California Department of Insurance; Within 40 days of receipt of the notice of a claim, unless the insurance company otherwise advises the insured in writing with reasons for delay and updates the reasons for delay every 30 days, an insurer must accept or deny claims in whole or in part and affirm or deny liability;
  • Claims should be paid within 30 days after coverage is determined or a settlement agreement is reached (subject to a few exceptions).

These specific time frames are minimum standards for good faith adjustment practices. We KNOW these laws. You need a lawyer like us in your corner.

Here’s a very informative article on the legal rights of those insured.

By the way, we have never seen the California Department of Insurance actually help a customer get insurance coverage paid; the only benefit the California Department of Insurance can do is a sales audit or survey of an insurance company’s claim handling, and this is never directed to helping one insured or one family – like you.  To fight back against a California insurance company or life insurance company, you really need a qualified lawyer, particularly from lifeinsurancelawyerNOW.com We are here to help.

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.

Posted on

Don’t Trust The Life Insurance Company!

Don’t Trust The Life Insurance Company!

Do you really think they’re on your side? We hear from many people, suffering with life insurance company issues – beneficiary problems, interpleader, or payment stalling.  They all wish for the same results: that the problems would magically solve themselves, and that the life insurance company would pay. They have learned to don’t trust The Life Insurance Company! They really believe that they have supplied the information that will get prompt payment.

We really understand these thoughts and feelings, but unfortunately, that is not how things work in the world of life insurance.  Investigations from the life insurance company can take months, and often result in no payment at all, or payment to the wrong beneficiaries.

  • When your claim is being investigated, it is lined up to not be paid, or for interpleader  

The whole purpose of the life insurance company investigation is to help the life insurance company win.

The department of the life insurance company that handles and denies claims is a very different part of the company than the one that sells policies. The sales agents will do everything they can to sign up clients and take payments – and the claims adjusters and lawyers will do everything they can to keep that money once the insured dies.

As justified as you may be to receive a policy benefit, beneficiaries don’t really know or understand what the life insurance company does when they investigate a claim.  The life insurance company investigation playbook is very different from law on television – they will never stop searching for specific facts to justify not paying you.

The life insurance company is not concerned with a beneficiaries reputation; their goal is to find evidence to use against paying you.

  • Generally speaking, the life insurance company is looking for evidence, not character reputation.  Character reputation is not how the US Court system makes decisions.

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 Life Insurance Lawyer NOW.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”.

Posted on

We Know How To Win Life Insurance Cases

We Know How To Win Life Insurance Cases

Don’t think that your lawsuit will be like a television show! We Know How to Win Life Insurance Cases.

The practice of law in real life is not like television or the movies.  Cases don’t go to trial in a week.  Judges and juries don’t decide cases on “reputation” evidence.  The case isn’t on the tv news every night.  Instead, the reality is that the legal “process” is complicated and can take time.

By process, we mean that many different things must be done correctly to keep the pressure on the opposition – the life insurance company – to be sure that all of the strongest evidence is put together to support your case.  The right result does not just “happen” because the law requires it; the rules of the Court have to be followed to the letter, by each side.

The right result is the culmination of lots of hard work, persuasion, and the fulfillment of each legal requirement.

Do you know how to do this on your own? As your life insurance lawyer, we will do all that for you.

Delaying getting knowledgeable lawyers like us will cause harm to your case.  The life insurance company has many lawyers working for them – with the goal of not paying you a dime.

When the life insurance company asks you for things, it is because their lawyer has guided them – to find information to use against your claim.

If you are operating without a lawyer, just doing what you think a lawyer would do on tv, or bringing up all the bad things about another person without understanding the life insurance laws and what the Court needs to hear from you, you are going to lose.

The Court’s verdict is not determined on good or bad reputations or character, but on specific, detailed and provable facts.

As your lawyers, we will bring the right facts to the life insurance company and/or the Court, so you will be paid your benefits. We know how important these benefits are to you and your family.

The life insurance company has been working to avoid payment ever since they found out about your claim.

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 Life Insurance Lawyer NOW.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”.

Posted on

Key Person Life Insurance Policies Grow Over 20%

Key Person Life Insurance Policies Grow Over 20%

In California, and nationwide, the purchase of high hat and key person life insurance policies is up significantly as Key Person Life Insurance Policies Grow over 20% in the last 5 years.  Why?  Many companies recognize the value of key personnel, and provide these policies either to protect the interests of the company, or as an employment incentive to the individual.

We have found, unfortunately, that insurance companies place great scrutiny on these policy claims.  When a life insurance policy provides benefits of $1,000,000 or more (and $5,000,000 to $10,000,000 and above are common for these high hat and key person life insurance policies) the insurance company has special investigation teams to try to find any reason to not pay the policy.With so much at stake, and so few people actually represented by an attorney at the first sign of trouble with the insurance company, there is great risk to a family actually getting paid.

At the first sign that an insurance company is investigating a claim, you should have experienced counsel. 

What facts are discovered, if they show the whole story, or if the insurance company has free reign to find anything to support denial (and ignores the facts that support the policy) could make all the difference in the end.  Especially when an insurance company conducts an application investigation, essentially considering the application again, to decide whether it thinks the policy should stay in force, a family needs to be very concerned. Without an experienced lawyer, the lawyers for the Insurer will play with you like a puppet – and you won’t even realize it. They won’t try these tricks with us – we have worked for these companies and know exactly what they are up to.

Here’s a useful video from Business.com on Key Person Life Insurance Policies.

 

  • 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, for a free consultation 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.

Posted on

Primerica Life Insurance Company Claim Denied

5 Facts About Primerica Life Insurance Company

Primerica Life Insurance Company, known as Primerica, is an interesting company because of its relatively recent founding and strong growth. Primerica strongly markets life insurance as a peace of mind purchase, and that Primerica is very reliable. Primerica provides some specific figures front and center, to help bolster this assertion. They claim:

“Primerica has always been a company that champions the needs of Main Street North Americans. While many other companies have increasingly followed the wealthy market, Primerica continues to focus on ways to help Main Street families become financially independent….Since our founding in 1977, Primerica has shown families how to protect themselves with affordable term life insurance, instead of more expensive cash value insurance, and how to invest the savings. We call our philosophy “Buy Term and Invest the Difference,” and it has given countless Main Street families the ability to build toward, and achieve, financial independence….At Primerica, we have always believed that term insurance is the best way to protect working families.” However, is this true?

Primerica Is Also Very Specific That:

2.“Primerica’s life companies Paid out $1.2 billion in death claims in 2015, has more than $693 billion of life insurance in force; Have an A+ (Superior) rating from A.M. Best. Only 15 percent of life insurance companies meet this standard.

3. Pay 92% of claims within 14 days, and ‘We Do What’s Right’ At Primerica, our mission is to “Help families become properly protected, debt free and financially independent.” We always strive to hold our company to the highest ethics and “do what’s right” by our clients.”

Primerica Also Says:

4. “it originated the ‘Buy Term and Invest the Difference’ philosophy which encourages families to purchase affordable term life insurance so they can get the protection they need at a price they can afford and have more money to invest in their family’s future.. . In 2010, Primerica became a newly independent company and is traded on the New York Stock Exchange under PRI. As the largest independent financial services marketing organization in North America, our goal is to dominate the changing financial services landscape for Main Street North America.”

However, Are These “Facts” True?

All it takes is a simple Google search to uncover a myriad of cases naming Primerica as defendant, for numerous causes of action.

5. Here’s a case (ARELLANO v. PRIMERICA LIFE INSURANCE COMPANY CO), where ruling was found against Primerica and its agents for breach of contract, consumer fraud, bad faith as well as insurance producer malpractice, negligence and punitive damages.

Here’s An Interesting Snippet From The Ruling:

“Mrs. Arellano’s handwriting expert testified that Application # 2 contained forgeries. Moreover, he testified that it was obvious some effort was made to mimic Mrs. Arellano’s signature. The expert also noted that the forger misspelled Arellano, and most people do not have a problem spelling their own name. “

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.