When a Penn Mutual life insurance claim was denied the beneficiary needs to act quickly to fight the denial. Depending on whether they want to get the claim paid quickly or fight the insurer for additional damages, there are several options to consider and solutions are discussed here. Whether a direct appeal, a formal complaint or a lawsuit, being armed with knowledge is the best way to start recovery for a denied life insurance claim by Penn Mutual.
Appealing Denied Life Insurance Claims
When a life insurance claim gets denied many people think their only option is to sue the insurance company. But a lawsuit shouldn’t be the first thing you do (read: Life Insurance Lawyer is Not Necessary to Settle Claims). The first thing to do is have your claim evaluated by an expert and determine if you can appeal the denial without a lawsuit. This will be faster and much less expensive than a lawsuit. If an Appeal isn’t successful, then you can sue the insurer.
Step-by-Step Guide to Appeal a Life Insurance Claim Denied by Penn Mutual
#1. Obtain a copy of the Denial letter.
#2. Take action within 3 years of the denial.
#3. Write a 1-2 paragraph explanation why you disagree with the claim denial.
#4. Provide your full name and phone number.
#5. Email or fax the paragraph and Denial letter to us at Info@cflid.com, or fax us at (866) 885-4074.
We’ll review the facts, determine the best way to appeal the claim and act immediately to get your claim paid.
Fight a Life Insurance Claim Denial
Direct Appeal
A life insurance Appeal starts with a new evaluation of all the facts surrounding the history of the insured, the application, medical records, arrest & driving records, accident reports and all other relevant evidence, by someone who knows what all of this evidence means. A qualified claim expert will look for reasons your claim should be approved.
A proper appeal uses the evidence to form the reasons why the claim should be paid, is put into a report with conclusions from consulting experts and, presented to Penn Mutual.
Regulatory Help
There are some situations where a State’s Department of Insurance can get involved in a death claim and get the insurer to produce proof of why a claim was denied. If the insurer can’t show the proof, the claim can be paid.
Lawsuit
Life insurance lawyers who understand both the legal aspect of insurance claims and the inner workings of the claims process can successfully negotiate claim settlements. Because the majority of claim lawsuits never go to trial, a settlement should be the expected outcome of a life insurance lawsuit.
The key takeaway should be that just because a Penn Mutual Life insurance claim was denied doesn’t mean that the matter is finished.
Contestable Claims with Penn Mutual
The only way an insurer gets to challenge a life insurance claim is if the claim falls under the Contestability clause. The most common reason a policy is contestable is because it was issued within 2 years of the insured’s death. But most people are not aware of the Contestability Rules which can be introduced to show why a claim is NOT contestable.
For an even more detailed discussion about Contestability Rules read our article: Six Reasons Your Contestable Life Insurance Claim Might Not be Contestable.
Help Filing Your New Penn Mutual Death Claim
If you have a Penn Mutual life insurance claim that you haven’t filed yet and would benefit from the representation of a claim expert, contact us for a free consultation.
When we take on a new client we investigate everything that’s important to the claim. This includes the events of the application, the medical history, the way the claim was handled by the insurer, and many other important facts.
Over $250 million of Denied Life Insurance Claims Paid
When you need an experienced professional to assure your Penn Mutual life insurance claim is handled fairly and according to the rules and regulations that govern the policy, contact The Center for Life Insurance Disputes.
Free consultations 888-428-4868
Penn Mutual Contact Phone
800-523-0650
Since 1847, Penn Mutual has been placing protection solutions at the center of building stronger financial futures for individuals, families, and businesses.
As a trusted partner to financial professionals across the U.S., Penn Mutual and its affiliates offer a comprehensive suite of competitive products and services to meet the unique needs of financial professionals and their clients, including life insurance, annuities, wealth management, and institutional asset management.
More:
How to Appeal Denied Life Insurance Claims
Life Insurance Claim Investigation
