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Life Insurance

Suicide Exclusion and Intoxication – New Colorado Supreme Court Decision Concerning Denied Life Insurance Claim

June 4, 2018

On June 4, 2018, the Colorado Supreme Court issued its opinion in Renfandt v. New York Life Insurance Company, 2018 CO 49, holding, “under Colorado law, a life insurance policy exclusion for ‘suicide, sane or insane’ excludes coverage only if the insured, whether sane or insane at the time, committed an act of self-destruction with the intent…

4 Essential Steps to Take When Filing Claims for Life Insurance Benefits

June 9, 2017

When you are ready to submit a life insurance claim to an insurance provider, certain steps will have to be taken to ensure the claim is properly submitted and processed. In general, these steps will include (but may not necessarily be limited to): Locate and Read the Insurance Policy – This is the contract that governs…

Life Insurance Awareness Month

September 14, 2016

September is Life Insurance Awareness Month.  Many life insurance companies and financial institutions use this as an opportunity to contact their insureds and other potential customers to promote their life insurance products.  There is no doubt obtaining life insurance is an important step to take for your loved ones. The purpose of life insurance varies from…

4 Life Insurance Mistakes to Avoid

December 2, 2015

Life insurance can provide a critical financial safety net for families after a loved one passes. It’s important to understand, however, that what you do when you sign up for insurance – and how you maintain a policy – can end up impacting whether your loved ones will be able to successfully file claims against…

Life Insurance Claim Denials: 3 Common Reasons for Denials

January 27, 2015

Life insurance claim denials can be disheartening, but they are not necessarily the final word in a claim, as beneficiaries can appeal denials when they think that insurance companies have made wrong decisions. In fact, by fighting back after wrongful life insurance claim denials, people can recover the benefits payable under the policy. When Insurance Companies…

Life Insurance Claim Denials: When to Fight Back (Pt. 3)

September 15, 2014

Here is the conclusion to our blog series Life Insurance Claim Denials: When to Fight Back. Be Prepared to Challenge Life Insurance Claim Denials When… While people should be prepared to challenge insurers when claim denials have been issued due to the various reasons discussed in the first two parts of this blog, so too should…

Life Insurance Claim Denials: When to Fight Back (Pt. 2)

August 31, 2014

Picking up from where Life Insurance Claim Denials: When to Fight Back (Pt. 1) left off, below, we will continue discussing some of the most common circumstances that can lead to life insurance claim denials and when people should challenge these denials to get the payouts they likely deserve. More Instances When You Should Be Ready to…

Life Insurance Claim Denials: When to Fight Back (Pt. 1)

August 15, 2014

While your loved one may have taken out a life insurance policy to provide some financial support to you and your family in the tragic event of his or her death, what may compound your stresses after the loss of your loved one can be the denial of a life insurance claim. In fact, although…

LIFE WAIVER OF PREMIUM – DON’T FORGET!

January 10, 2013

Since I am on the issue of life insurance coverage (see my other blog post of today’s date), I take this opportunity to remind all readers of a little known provision likely found in your employer-provided, group life insurance policy — commonly referred to as “life waiver of premium” (“LWOP”). I have yet to review…

LIFE INSURANCE COVERAGE

April 11, 2011

I have previously blogged about life insurance and accidental death and dismemberment coverage. For those employers who offer a benefit package to their employees, in addition to health insurance and long-term disability insurance, the employee may also have this additional coverage. Often times, the life insurance protection contains a “Basic Life” feature as well as…