Life Insurance Claim Attorneys in Beaumont
Many people purchase life insurance policies for the peace of mind of knowing their loved ones will be financially taken care of after they are gone. Unfortunately, life insurance companies deny large life insurance payouts in an attempt to abuse and misuse contestability clauses in life insurance contracts.
At Byrd Ramsey, our attorneys have the experience and knowledge to help you take on the insurance companies. It’s hard enough to lose a loved one; you shouldn’t have to fight the insurance company for the coverage they paid for all their lives. Contact us today to see how Byrd Ramsey can help, 409-202-2020.
What Is a Contestability Clause?
For two years after the life insurance policy is purchased and goes into effect, the insurance company can investigate and/or contest life insurance claims. After the two-year period, insurance companies cannot deny life insurance claims unless the insured violated terms of the contract. Once the contestability period ends, insurers must pay valid life insurance claims.
These two years are designed to prevent insurance fraud, such as lying about a medical condition or medical history, to receive approval.
Insurance Companies Attempt to Misuse Contestability Clauses
Some life insurance companies wrongly contest and deny life insurance claims alleging the insured misled them to obtain a policy to get out of honoring claims. Sometimes insurance companies deny life insurance claims without citing any evidence of insurance fraud. Wrongfully denying valid life insurance claims within the contestability period is an unfair and unjust practice. When this happens, beneficiaries can take legal action to obtain the funds they are owed under the terms of the policy.
If Your Life Insurance Claim Is Contested Take Action
If you are the beneficiary of a contested life insurance claim, act immediately and call an experienced life insurance contestability lawyer. Some insurance companies are not upfront about their plans to investigate. A delay in the payment of your claim could be a sign that the company is preparing to contest or deny your claim. To help protect your financial future, contact one of our experienced life insurance claim lawyers as soon as possible.
Beaumont Life Insurance Claim Lawyers for Wrongfully Denied Claims
The loss of a loved one is hard enough without the added stress of having to deal with an insurance company operating in bad faith. Byrd Ramsey’s team of experienced life insurance attorneys have successfully fought for policyholders’ rights. If your life insurance claim denied or wrongly contested, our life insurance claim lawyers can help you get the compensation you deserve. Call us today at 409-202-2020 or contact us online.