A life insurance policy is a contract between an insured party and a life insurance company. Upon the death of the insured, the life insurance policy provides benefits to the rightful beneficiaries. A life insurance policy is often a loving and kind gesture by the insured to make sure that his or her beneficiaries – usually family members and loved ones – have money to pay bills and expenses, as well as debts left by the decedent. When the life insurance company pays the agreed-upon amount in a timely manner – as it is supposed to do – all is well.
But what happens when the life insurance company denies the benefits and refuses to pay? Or, what happens when the insurance company unnecessarily delays payment? In many instances the deceased policyholder was the family’s sole provider. Is this not the exact reason why he or she purchased the life insurance policy – to make sure his or her family had money to pay the bills?
When Your Life Insurance Company Fails You
Life insurance companies are regulated by the Florida Office of Insurance Regulation. The companies have a duty to abide by specific laws and protocols. They also have a duty to look for the beneficiaries of unclaimed policies. There was even a recent report on 60 Minutes about life insurance companies and their intentional failure to look for beneficiaries. It was reported that hundreds of thousands of policies were unpaid in Florida alone!
If your life insurance company is not holding up their end of the bargain, it is highly advisable to obtain the help of an attorney who has a successful record helping clients obtain the life insurance benefits they deserve and are legally entitled to. Attorney J.P. Gonzalez-Sirgo, a former insurance claims adjuster, has represented thousands of clients since 1994, including many life insurance beneficiaries.
Life Insurance Company Tactics
Some of the most common tactics used by insurance companies include the following:
- “Delay Until Death” – the insurance company uses delay tactics to not pay claims because the beneficiaries often give up and ultimately die before getting their payments.
- Rescinding policies – the insurance company cancels policy retroactively.
- Denying claims – the insurance company claims that the manner of death is not covered under the insurance policy (suicide, intoxication, not an accidental death, etc.).
- Use of two year contestability period – the insurance company conducts a post claims investigation into the statements made on the application for insurance and the policyholder’s medical history and uses the results of the investigation to deny the claim based on claimed material misrepresentations made on the application.
- Allegations of fraud.
Contact the Law Office of Attorney J.P. Gonzalez-Sirgo, P.A., for a Free Confidential Case Review
The Law Office of Attorney J.P. Gonzalez-Sirgo offers a free confidential case review to discuss your life insurance claim. Whether you are a policyholder or a beneficiary, it is essential to make sure you have the correct information and understand your rights and benefits. If you have been denied benefits, Attorney Gonzalez-Sirgo will pursue justice for you through negotiation or in a court of law. He will fight tooth and nail to help you get the money you deserve. There are no fees unless your case is resolved.
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 J.P. directly at [email protected].