Life Insurance Lawyers
Life insurance is not something that most people want to think about on a regular basis. It's for this reason that most responsible people get a quality life insurance policy to protect their family, and then don't spend much more time thinking about their policy. However, when someone with a life insurance policy dies, the family has no choice but to deal with the policy. Because they're grieving over the loss of a loved one, in an ideal world the money paid out from the life insurance policy would be discretely deposited in their bank account. This would ensure that as they slowly get back into the swing of life, they will be taken care of financially. Unfortunately, this is not how life insurance works in the real world. In many cases, life insurance companies will do everything in their power to avoid paying out a policy claim.
Life insurance companies make their money by collecting insurance premiums. Because they get to collect a lot of premiums on a monthly basis, they have a lot of cash on hand. This cash is actually known as float, and can be invested by the insurance companies to make even more money. While life insurance companies are happy to bring in money, they aren't nearly as eager to pay out money. Paying out money means that their cash flow is decreased and they have less money on hand to invest. As a result, it's not uncommon for life insurance companies to attempt to pay people less than what they are actually owed. In many cases, it's not uncommon for an insurance company to outright deny or delay a policy claim.
There are different strategies that insurance companies can use for denying a life insurance claim. One of the most common is to deny claims where a person dies within two years of starting a policy. While there is a long list of legitimate reasons why this can happen, insurance companies are capable of spinning the story to make it look like something unscrupulous was done. While this is completely unfair to the beneficiaries of the policy, it's a tactic that life insurance companies employ quite regularly.
When they don't outright deny a claim, it's not uncommon for an insurance company to delay payment. If you're currently in this situation, you've probably already experienced what the company does to delay payments. When you try to get in contact with them, they will simply send you in circles. You'll call one person at the company, only to be told to call someone else. When you call the other person, they will tell you that you need to talk to the first person to resolve the issue.
As the beneficiary of a life insurance policy, you have a right to receive your payment in a timely manner. And if your claim has already been denied, you have a right to appeal the decision. Because this can be difficult to do on your own, it's much easier when you have a life insurance lawyer on your side.
When people consider hiring a lawyer to help get the policy claim they deserve, it's common for them to think that they can use any lawyer. However, a normal lawyer will simply send a generic letter to the company and then send you a bill. Instead of a regular lawyer, you need an actual life insurance lawyer. Life insurance lawyers have the experience necessary to secure your claim in a timely manner. Most life insurance lawyers also work on a contingency basis. This means that they won't charge you an upfront fee. As their payment, they will just take a percentage of your claim once they secure it for you. And in the unlikely case that they aren't able to secure it for you, it won't cost you a dime. Because you have nothing to lose but a lot to gain, if you are struggling to secure a life insurance claim, you need to enlist the help of a life insurance lawyer.