Life Insurance Fraud
If you’re a victim of life insurance fraud contact us. We specialize in getting people’s money paid, returned, or refunded from life insurance disputes. We represent people who want to recover their money quickly and without the expense of a lawsuit.
Life insurance fraud cases fall into two general categories:
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.
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 you should contact us.
We’ll want to hear your situation first so we can 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 tell you exactly what documents we need to fight the claim denial.
If it’s your life insurance policy that lapsed, we’ll help you gather the sales materials, illustrations, and any other documents that will get your premiums paid back to you.
Whatever form of fraud you’ve been exposed to, we’ll prepare you with everything you need to do and to know so we can pursue a full recovery of your money.
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.
What Actions can be Taken Against Life Insurance Fraud?
We’ll explore in-depth each of your options for life insurance fraud. If your situation is one that we can settle for you directly with the agent or insurer, we’ll recommend this.
With us as your representative 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 fraud disputes. This isn’t correct. The departments can investigate certain acts, but they cannot take legal action to recover money for beneficiaries or policy holders (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 $50 million for our clients, without ever stepping into a courtroom. And 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 life insurance fraud cases.
What to do First
If you believe you’re a victim of life insurance fraud please contact us today to find out how we can recover your money.
Call (888) 428-4868
For a Free Evaluation of Your Life Insurance Complaint
Facts & Myths about the Department of Insurance and Life Insurance Fraud
Very few people get the resolution they’re hoping for by filing a compliant 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.