LIFE INSURANCE DISPUTES

New Paragraph

LIFE INSURANCE DISPUTES

We have recovered many millions of dollars for clients in life insurance disputes. We handle claims anywhere in the nation.

REFUSAL TO PAY DEATH BENEFITS

Insurance companies look for an excuse not to pay a death benefit. These are some of the excuses they come up with:

  • Premiums were not paid on time.
  • Policy lapsed.
  • The insured misrepresented on the application.
  • Other excuses.

Whatever the excuse may be, you may have a claim. We have successfully recovered millions from life insurance companies.


"FREE" OR "CASHLESS" LIFE INSURANCE SCAMS

  • Were you promised “free life insurance” or a “cashless” transaction?
  • There is no such thing as “free life insurance.” If someone promised this, it is a clear indication they have misrepresented to you and you are likely a victim of fraud.

PREMIUM FINANCE SCAMS

Were you talked into financing a life insurance policy through expensive premium financing? Is the debt now crushing you? This is insurance fraud.

POLICY REPLACEMENT SCAMS

Were you talked into replacing a perfectly good life insurance policy with a new worse one? This is called "churning" and is a frequent insurance scam. The agent or broker makes high commissions while destroying the vsalue of your life insurance.

Costs of churning:

  • You may pay surrender charges for terminating the old policy (or your cash value in the old policy may be lost)
  • You may use accumulated cash value to defer or pay premiums on the new policy
  • Your premiums may rise as you grow older


If you were sold a replacement life insurance policy without a good reason for changing policies, you are a victim of this fraud.

LIES ABOUT THE TERMS OF THE POLICY

Did you learn that the terms of your life insurance policy are different from what your agent/broker told you?

  • More expensive premiums
  • Big increases in premiums
  • Wrong coverage
  • Different policy terms
  • More


Misrepresenting the terms of life insurance policies is a common type of life insurance fraud. Sometimes, you can recover your losses for this kind of fraud.


DON’T WAIT! CLAIMS EXPIRE

Your claims are not good forever. Statutes of limitations will bar you from proceeding if you wait too long. A special problem in life insurance fraud is that it is often not discovered until many years after you buy your policy. You may have very little time to file an action. If you discover possible fraud, you should act immediately and not wait or you may lose your claim forever.

CONTACT US

To learn more about what the attorneys at Quantum Law Group, LLP can do for you, please call us at the number below or click the link to schedule a consultation.

Share by: