Life Insurance Fraud
If you think you’re a victim of life insurance fraud contact us for help. We specialize in getting people’s money paid from denied death claims, getting their premiums returned, and cash refunds from life insurance fraud disputes. We represent people who want to recover their money quickly and without the expense of a lawsuit.
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Free Consultation for Beneficiaries & Policyholders 1-888-428-4868
Life insurance fraud cases fall into two general categories:
Agent fraud
Any instance in which an insurance agent knowingly lies, deceives or misleads a buyer, for the purpose of selling a policy, is considered life insurance fraud. Some typical examples of fraud by an agent include:
- Premiums increase after you were told they will stay the same.
- The agent forged your signature on an application.
- You were promised certain benefits that simply were not true.
Insurer fraud
Life insurance fraud by an insurance company can be different. Fraud by an insurer can also be misleading but it may be more technical. It can be about a policy you bought or it can be about premium payments or death claims. For example:
- You receive an illustration that does not match the policy.
- Your death benefit claim was denied because of medical history.
- Your policy lapses because the fees exceed the premium you were told to pay.
What to do if you Suspect Life Insurance Fraud
If you think that you’re a victim of life insurance fraud please contact us for a free consultation about how we can get your money returned or paid-out to you.
As your representative we’ll protect you and recover any money that’s owed to you.
Documents are always important so gather everything you think is important. We’ll go through a list with you of what you need to gather.
If it’s a declined life insurance claim that you’re disputing we’ll get exactly what’s needed in documents, evidence and laws then we’ll aggressively fight the claim denial.
If it’s your life insurance policy that lapsed gather the sales materials, illustrations, and any other documents. Everything that will help us get your premiums paid back to you. We’ll make the case to get your money paid back.
Whatever form of fraud you’ve been exposed to, we’ll take the proper action so you get what’s rightfully yours.
Don’t be misled to believe your only option is to hire a life insurance attorney and go through the painful process of litigation. It’s not.
We settle claims and disputes quickly for our clients without lawsuits and without unnecessary fees.
What Actions can be Taken Against Life Insurance Fraud?
We’ll explore in-depth each of your options for the life insurance fraud. If your situation is one that we can settle for you directly with the agent or insurer, we’ll do this for you.
You won’t have to confront anyone and you won’t have to appear for depositions or court proceedings. We’ll present the fraud evidence and negotiate a settlement that you are happy with.
If a fraudulent action has occurred and your best course of action is legal, we’ll explain what is involved and what types of lawyers specialize in life insurance fraud.
Many people think that their state’s Department of Insurance can settle life insurance disputes. This isn’t correct. The departments can investigate certain acts, but they cannot take legal action to recover money for beneficiaries or policyholders (see more below).
The experts at The Center for Life Insurance Disputes have years of experience handling all types of life insurance fraud cases. We understand how to build a strong case and pursue a full recovery of our client’s money. That’s how we’ve recovered over $250 million for our clients, without ever stepping into a courtroom. We can do the same for you.
Laws Against Life Insurance Fraud
There are federal and state laws prohibiting life insurance fraud, as well as state insurance code regulations protecting consumers against fraud.
See one State’s definition of life insurance fraud: CA Department of Insurance. If your complaint is about a variable life insurance policy or variable annuity policy, there are securities laws that may have been violated.
Depending on the circumstances of the life insurance fraud, you may be entitled to all of your money back or, in some cases, compensation that is many times the amount of financial damages you’ve suffered. Read the following articles for more information.
- Insurers Under-Paying Policy Claims
- Universal Life Premium Dispute
- Failure of Insurers to Notify of Late Premiums
What to do if you suspect life insurance fraud
If you believe you’re a victim of fraud please contact us today to find out how we can recover your money.
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Facts & Myths about the Department of Insurance and Life Insurance Fraud
Very few people get the resolution they’re hoping for by filing a complaint with their Department of Insurance. Here’s what happens when the Insurance Commissioner receives a complaint?
An advocate will:
- Provide written verification that your complaint was received
- Provide a copy of your complaint to the insurance company and/or agent
- Obtain a detailed response from the company and/or agent, including any supporting documentation to support the position taken
- Analyze the response and supporting documentation
- Determine whether there has been a possible violation
- Advise you of their findings
What the Department of Insurance cannot do:
- Force an agent or insurer to refund your premiums.
- Force an insurer to pay a death claim.
- Act as your lawyer, give you legal advice or recommend an attorney.
- Recommend or rate an insurance company, agent or policy.
- Resolve disputes of fact between you and the insurance company. For example:
- Decide the facts surrounding the complaint (that is, which set of facts accurately describe what occurred).
- They cannot make medical judgments.
The Department of Insurance cannot take a position or assist you in matters over which they do not have legal jurisdiction or authority.
This includes problems with companies and services that are governed by federal, not state law, or when your policy was written in another state.
Please be advised that State Insurance Departments are not attorneys and they cannot act as a legal representative. As advocates they make every effort to determine whether the company/agent complies with the insurance laws or terms of the insurance policy.
The Department’s Consumer Service is not authorized to intervene between attorneys and their clients, nor do they perform work on behalf of attorneys. They are not authorized to render legal opinions.
