Frequently Asked Questions About Life Insurance Claims

J.P. Gonzalez-Sirgo
Founder of J.P. Gonzalez-Sirgo, P.A.

Sometimes the breadwinners in the family have the foresight to purchase life insurance to ensure that their spouse and children have the financial resources they need should they pass.  In many cases, the benefits available under a life insurance policy can be a critical component of an individual’s estate plan.  Unfortunately, some insurance carriers delay or deny these critical benefits even when policyholders have faithfully paid their premiums and filed a timely claim.  This blog post provides answers to some frequently asked questions (FAQs) for policyholders dealing with delays or denials by a life insurance carrier.

What is the period of contestability of a life insurance policy?

If the life insurance policy has been in place for two years, the insurance carrier cannot dispute the validity of the policy other than for non-payment of premiums.  If the coverage took effect less than two years prior to the death, the insurance company can and will conduct a post-claims underwriting investigation.  The insurance carrier will attempt to deny coverage based on any misrepresentation discovered in the application for insurance.  For example, the application might indicate that the insured never smoked but the medical records allegedly indicate otherwise.

Can a life insurance claim be denied because the policyholder missed a premium payment?

Once you have made your initial premium payment, most life insurance policies allow for a 31 day grace period after the due date for subsequent premium payments.  The policy will remain in full force and effect if the late payment is made during the grace period.  

How should I proceed if a life insurance company is denying or delaying my claim?

If the insurance carrier is stonewalling or refusing to pay your claim, you need to talk to an experienced life insurance claims lawyer immediately. 

Why did the insurance company deny my claim?

While the insurance company may rely on a litany of excuses or justifications, the simple fact is that denying valid claims benefits an insurance company’s bottom line.  Insurance companies frequently engage in bad faith practices in the hopes that people making claims will simply give up.  You can be sure the insurance company has a team of insurance defense lawyers analyzing the claim to find a defensible basis for a denial.  Don't give up.  Talk to an experienced life insurance claims lawyer. 

You can reach Miami Life Insurance Claims Lawyer J.P. Gonzalez-Sirgo by dialing his direct number at (786) 272-5841, calling the main office at (305) 461-1095, or Toll Free at 1 (866) 71-CLAIM or email Attorney Gonzalez-Sirgo directly at [email protected].

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