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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.