What Is A "Contestability Period" In Life Insurance Claims?

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

I get a lot of calls from individuals that are beneficiaries under a life insurance policy that are facing delays in obtaining benefits under the life insurance policy when the owner of the policy, also known as the insured, has passed away.  Usually the source of the delay is the same:  the claim is mired in a post-claims underwiting investigation.  This means that when the owner of an insurance policy dies within two years of buying the policy (the "contestability period"), the insurance company is allowed to go through the insured's statements made on the application for life insurance with a fine tooth comb to see if the statements made were accurate.  Following the death of the insured, the insurance company will order the life insurance owner's history of medical records, will run a background check, investigate the insured's social media and claims history, etc.  If the insurance company finds any material mistatements to questions on the application for insurance, based on its investigation, it will deny the claim.  As soon as a beneficiary runs into resistance from a life insurance company or learns that the owner of the policy died during the two year "contestability period" that beneficiary is well advised to retain the services of an attorney that is experienced in handling life insurance clsaims. 

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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