Let’s say your dad bought a life insurance policy when he was 30 and he paid into it for 25 years. When he was 55 years old the life insurance policy had enough money in it that he didn’t have to make any more payments. Over the next 10 years he moved, twice. At age 70 he died.
In real life it’s possible your dad lost contact with his insurance company because it would have been his responsibility to tell them each time he moved. If he wasn’t making premium payments, and as he aged, he may have forgotten about the policy. The insurance company wouldn’t have tried to contact him until 60 days before the policy was going to run out of money, and that may have been at an address with an expired forwarding address. Sound impossible? It’s not. It happens frequently. So frequently in fact that it’s estimated that several billions of dollars worth of claims could be recovered if these policies are found.
Finding those policies is fast and easy with http://www.findlostlifeinsurancepolicy.com/. With some basic information about the insured you can search historical records on anyone. If there was an active policy when the person died, no matter how long ago, you can claim the money as the rightful beneficiary.
A helpful link: http://www.i-newswire.com/find-any-lost-life-insurance-policy/39918
Larry’s dad was an employee at a large manufacturing company for 20 years. He left that job and opened his own small business, which he ran until he retired. When he died he had a house full of financial papers and documents, but neither Larry nor his sister had the energy to go through those papers. So they boxed them up and put them in the garage. Several years later Larry was ready to look through his dad’s papers and to his surprise he found a life insurance policy that dated back to his early employment days at the manufacturer. Larry called the insurance company and after several weeks of record searching they told him there was a policy that had been in effect when his father died and he would need to submit a claim form and death certificate to collect the benefit.
Why didn’t anyone from the insurance company tell Larry about the policy sooner? Larry’s circumstances are not uncommon. Larry’s dad never wanted to talk about his death or his finances and Larry certainly wasn’t going to bring it up. As it goes with missing life insurance policies, if you don’t find the missing policy then the insurance company keeps the money. How much money are they keeping? It’s estimated that there are billions, with a “b”, in unclaimed life insurance benefits.
We are promoting a website that lets you search for those exact types of policies. We want to see people collect the money that their parents, siblings and family members intended for them to have. The site, http://www.findlostlifeinsurancepolicy.com/ , is a simple tool that gets you access to millions of historical records of life insurance policies. If you do a search and find that there was a policy in effect when the person died, then you can claim the money owed to you. Even if the policy is several years, or even decades old, you still get the death benefit (plus interest!).
There is no reason life insurance companies should keep billions of dollars of benefits that are owed to families. Many people think that this money gets turned over to the State Treasurer, but that is not true. The money that is sent to a State Treasurer is from policies which the insurance company knows they must pay but they cannot locate the owner. Those are not common. What are common are policies that are paid for, sit with the insurance company, and then lapse at some point after the insured has died for lack of payment. Those are called lapsed policies and those are common. Those are the policies that make-up the billions of dollars.
I encourage everyone to do a search and look for those policies. Search on your parents and grandparents. Share the site with other friends and co-workers. Let’s get the money where it was intended.
Another helpful link: http://www.i-newswire.com/find-any-lost-life-insurance-policy/39918
Don’t miss the opportunity to find any policy that a loved one may have left for you. Read more at http://www.i-newswire.com/find-any-lost-life-insurance-policy/39918 . There’s too much money that people never claim. Visit http://www.findlostlifeinsurancepolicy.com and claim yours.
Don’t miss the opportunity to find any policy that a loved one may have left for you. Read more at http://www.i-newswire.com/find-any-lost-life-insurance-policy/39918 . There’s too much money that people never claim. Visit http://www.findlostlifeinsurancepolicy.com and claim yours.
Use www.FindLostLifeInsurancePolicy.com . This is an excellent website that let’s you submit querries to find any lost life insurance policy on anyone.With some basic information you can search for life insurance policies on family members or a spouse and when a life insurance policy is found you simply claim your benefit. It doesn’t matter how old the life insurance policy is, if it was in-force when the person died you are entitled to the death benefit. Do a search and then share this site with other people.
A helpful link: http://www.i-newswire.com/find-any-lost-life-insurance-policy/39918
There are several life insurance companies that are selling their coverage on-line. You can open a web page and apply directly with the insurer. To many there is the perception that they are saving money through this approach by cutting out the agent’s commission, but in reality it appears that rates of on-line insurance are very similar to rates of life insurance coverage sold by an agent.
The traditional method of selling life insurance has always been through an agent. This has it’s advantages. A good agent should be able to explain the features of a life insurance policy and show the costs of various companies that you would chose from. If you are simply buying term life insurance then you may not feel you need an agent to explain it to you. You simply pay the premium and you have coverage until it expires — or you do.
The risks that I see with buying life insurance over the internet is that nothing is explained when you are completing the application. A good agent is invaluable during this part of the application process. Questions on on-line applications are vague. For example the question; are you a smoker? It may be in your mind that since you haven’t smoked in 10 years the answer should be no. When you die and the insurance company examines your medical history they may see that 10 years ago your doctor put in your medical chart that you were a smoker. They will deny a claim based on this one item. In the mind of the life insurance company you committed fraud when you answered no.
Medical questions are another great example of being vague but of utmost importance. Many applications ask if the applicant has ever been treated for, and then a long list of medical conditions. The problem is that you may have been treated for a medical condition that was grouped together with many other conditions and you didn’t even know it. When you die, and aren’t able to defend yourself, the insurer will deny the death claim stating you withheld material information about your health.
Surprisingly people often overstate their income thinking that as long as they can afford the coverage they can have the coverage. The fact is that the life insurance company will verify the deceased’s income and if it does not match what they put on the application they will deny any claim. How often have you heard someone say, “I make around fifty thousand a year”. That around is what causes a life insurance claim denial. You must be specific and accurate when you apply for life insurance on-line.
Everyone should be aware that life insurance claims get denied all the time. We deal with many of those that have been denied and often the reason for the denial is a misunderstanding of information given by the insured and received by the insurer. The life insurance company will put significant effort into denying a claim, but very little into issuing a policy. So beware of buying life insurance over the internet and always answer each question with as much detail as possible. In instances where you have the option to add more information to a particular question, do so. If you are unsure of how to answer a question, call the insurance company on their recorded line and get clarification. But my best advice is, use a good agent so when you die your family won’t have to fight for the money you want to leave them.
Other helpful links:
http://www.FindLostLifeInsurancePolicy.com
http://www.i-newswire.com/find-any-lost-life-insurance-policy/39918
I get a lot of calls from people who have been denied an accidental death insurance claim. Accidental death insurance is life insurance with a lot of restrictions. The primary restriction of this life insurance is that the person must die from an accident. But what most people do not know is that there are many other restrictions within these policies. One of the standard restrictions is that there cannot be any other related factors that would cause the death. How this becomes so confusing is that many death certificates will list a primary cause of death as accidental. But it is the related factors that determine if a benefit will be paid.
If someone dies of a drug overdose, prescribed or not, the death certificate will often state the cause of death as accidental. The related factor is, of course, that the accident was due to a drug overdose. Drug overdose is rarely covered in an accidental death insurance policy. One woman called after her accidental death claim was denied and said her father died when he fell off of a fire escape. When the blood test results were reviewed it turned out her father had a blood alcohol level above the legal limit for his state. The insurance company denied the claim stating the accident wouldn’t have occurred if he hadn’t been drinking and they have a restriction against alcohol related injuries. Another man contacted us for help after his wife fell and hit her head and subsequently died. The death certificate stated a cause of death as accidental due to blunt head injury. The insurance company reviewed her medical records and found that she had common dizzy spells and they therefore did not owe the claim because she had a medical condition that caused her to fall. That case is still pending.
So when is an accident not an accident? The answer; when it is restricted by an accidental death insurance policy.
There have been many lawsuits where people have fought denied accidental death claims. In some cases the beneficiaries have won and some they have lost. If you have a claim that has been denied you should consult an expert for their advice. Insurance companies do not want to pay claims and they will often make you fight to get your claim paid so be prepared.
Other helpful links:
http://www.FindLostLifeInsurancePolicy.com
http://www.i-newswire.com/find-any-lost-life-insurance-policy/39918
A client’s spouse recently died of an accident while living in a foreign country. This person was insured under an employer sponsored accidental death policy. This person was in his 50′s and had no issues with health. Accidentally falling down, this person hit their head and died within hours. Because of the circumstances of the foreign country, no medical exam or autopsy were performed and the body was subsequently embalmed as a requirement by the United States government to re-enter the country.
A claim was submitted under the AD&D policy. The decision of the insurer, in this case Prudential Insurance Company, was that the accident could not be validated medically and therefore they did not believe it was an accident. Talk about burden of proof! Prudential identified the fact that because of the embalming, a cause of death could never be medically determined. They took advantage of this and denied the claim.
Of course the denial is being disputed in court and ultimately there will be a settlement offer, but what a dirty game Prudential played with this poor family.
Other helpful links:
http://www.FindLostLifeInsurancePolicy.com
http://www.i-newswire.com/find-any-lost-life-insurance-policy/39918
The Center for Life Insurance Disputes. When a life insurance claim is denied by the insurer the beneficiary will receive a letter stating the reason for the claim denial. The information in this letter is important. While most people believe their life insurance death claim will be paid, many life insurance claims are denied. In fact nearly one-billion dollars of death claims are denied each year. In many instances the denial of a life insurance death benefit is nothing more than a bluff by the insurer. It may be an annoyance, but a bluff none-the-less. Insurance companies want to keep as much money as possible and so they deny death claims and make it as difficult as possible for beneficiaries to collect their life insurance claims. So what can you do if your life insurance claim is denied?
You can appeal the life insurance claim denial. When you appeal the death claim denial you must present substantiation for why the claim should be paid. You will refer back to the life insurance claim denial letter, and document your reasons why the insurer should reconsider their decision. Stating your personal opinion will not get your life insurance claim paid. The insurance company is not interested in your opinion, they will only be interested in material facts that substantiate the appeal of your death benefit claim. You must present your argument in writing, document everything, and submit it to the appeal committee. Many factors, that they will never disclose to you, will be considered by the life insurance company for your life insurance claim appeal.
Another option for a denied life insurance claim is to hire an attorney who specializes in bad faith litigation and file a lawsuit against the insurer for wrongful claim denial. Many bad faith attorneys will review the facts of your denied life insurance claim and accept your case on a contingency basis. This means you will not have to pay any money to the attorney unless they successfully litigate your denied life insurance claim. If they are successful in getting your claim paid you will have to pay the attorney 30% to 40% of the death benefit claim. This must be considered when deciding wether or not to hire an attorney for your life insurance claim denial.
A third option for appealing a denied life insurance claim is to hire The Center for Life Insurance Disputes. We are experts at recovering denied life insurance claims. We are significantly less expensive than hiring a lawyer. We are able to settle denied life insurance claims in months, rather than years. And, we evaluate life insurance claim cases at no cost. When you hire The Center for Life Insurance Disputes your claim is investigated by an experienced professional who is able to uncover irrefutable material information. Once this information is discovered and documented the denied life insurance claim is likely to become an approved life insurance claim because the insurer will realize they have no valid reason for denying the death benefit claim.
Helpful links:
http://www.findlostlifeinsurancepolicy.com
http://www.i-newswire.com/find-any-lost-life-insurance-policy/39918
Contestability of a life insurance policy starts the day the policy is issued and ends 2 years later. In that time period, if the insured dies, the insurance company can contest the claim and do a full investigation. The purpose of the claim investigation is for the insurer to find discrepancies of information and justify a denial of the claim.
When a life insurance claim is submitted during the contestability period the insurance company will require the family to sign a form, known as a HIPPA form, which allows the insurance company to obtain multiple items of personal information about the deceased. This personal information will include; medical records, financial records, criminal reports, driving records and any other records the insurer deems important. All of the information in these records will be matched and verified against the answers given on the original life insurance application. Any misstatement of information on the application will be grounds for the denial of the life insurance claim during the contestability clause period. Often times any misstatement of information is due to a lack of understanding of the questions or lack of guidance from the insurance agent. None-the-less the insurance company will be looking for reasons to deny the life insurance claim.
Clients of The Center for Life Insurance Disputes are constantly shocked to learn that their claim, which seemed to be simple and straight-forward, has been denied during the contestability period. We have seen claims denied by HouseHold Bank for medical reasons, by AIG for financial reasons, by Prudential for citizenship reasons, by Farmers for beneficiary reasons and many other companies for similar reasons. One important fact is that life insurance claims get denied frequently, however the denial of a life insurance claim can be overturned. By proactively pursuing the claim and doing a concurrent investigation The Center for Life Insurance Disputes assures the likelihood of approval and challenges the insurer to justify a claim denial without significant substantiated proof of fraud.
Before you file a life insurance claim that is in the contestability period you should contact the Center for Life Insurance Disputes for professional representation.
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