Fort Lauderdale Life Insurance Lawyer

When you suffer the loss of a family member or close loved one, it can be an extremely challenging and difficult time. This situation can only grow worse if you face a denial of payment on the life insurance policy for a legitimate claim. Many folks come to depend on the proceeds from a life insurance policy after a loved one passes, and they find themselves in need of continual financial support. In these cases, a Fort Lauderdale life insurance lawyer can help.

If you have lost a loved one recently and have the legal option to file a claim for benefits on their life insurance policy or your claim has already been denied, the attorneys at The Law Offices of John D. Ameen, P.A. are here to help. Since 1994, our team has handled these kinds of legal claims and is prepared to put our experience and knowledge to the task to ensure you receive the benefits you need following the loss of a loved one.

Life insurance policies are meant to protect people from financial hardship following a loss. They can help ensure that dependents do not suffer because of this death. Unfortunately, situations do arise in which the insurance companies refuse to honor their promises, and you may need strong legal counsel and representation. Look no further than the team at The Law Offices of John D. Ameen, P.A.

Different Types of Life Insurance Coverages in Fort Lauderdale

In Fort Lauderdale, life insurance is a form of insurance that pays a death benefit to chosen beneficiaries once someone passes away. It can help cover certain end-of-life costs, pay off any outstanding debts still owed by the deceased individual, and provide the necessary monetary support for the dependents of the deceased to get back on their feet. In the state of Florida, there are five main types of life insurance policies. These include the following:

• Term Life Insurance: This form of life insurance is one of the most popular forms of insurance for those shopping around the market. It offers some of the most affordable policies. However, these policies only last for a handful of years, so it is wise to review the exact needs of your dependents before purchasing this form of life insurance.
• Universal Life Insurance: This form of life insurance is a permanent life insurance that offers flexible premiums to those who purchase policies. Individuals who hold this form of life insurance coverage have the ability to decrease or increase their premiums based on their individual needs.
• Whole Life Insurance: This form of life insurance coverage is another popular option as it will stay permanently active if the premium continues to be paid. This form of coverage also comes with a separate cash value or a tax-deferred saving part, in addition to the typical death benefits carried by most life insurance policies.
• Final Expenses Insurance: This form of life insurance coverage, also known as burial insurance, pays a small amount of benefit to the individuals who act as beneficiaries of the policy to pay for any end-of-life costs, such as funeral expenses or burial costs.
• Variable Life Insurance: This life insurance coverage is a permanent policy that allows the individual who holds the coverage to invest money from the cash value into various markets, such as mutual funds. With this coverage, the death benefits included come with guaranteed minimums.

Unfortunately, no matter what kind of insurance policy an individual holds and even if they are in good standing with their insurance company at the time of their passing, the beneficiaries of their policy can still run into issues such as delays, denials, or disputes when they file their claim. At The Law Offices of John D. Ameen, P.A., we can review your unique situation and help you recover the benefits you deserve.

How the Team at The Law Offices of John D. Ameen, P.A. Can Help

When you lose a loved one, the last thing you want to think about is the legal headache often associated with filing a life insurance claim. This death is stressful enough on its own, and receiving a letter of denial or a dispute from a life insurance company can only compound this stress. Instead of trying to deal with this complicated legal situation on your own, the attorneys at The Law Offices of John D. Ameen, P.A. are here to help.

We have the power to act on your behalf, representing you and your interests to these difficult insurance companies. When you work with us, we can assist you by taking the following actions:

• Answering all of your questions with clear and honest counsel and advice
• Preparing and handling all of your initial claims and any appeals if a denial takes place
• Advising and guiding you through every step of the application and/or appeals process
• Reviewing the reasons for the original claim dispute or denial
• Pushing the insurance company to pay out your settlement
• Investigating the reasons behind the claim denial or dispute

We know these are trying and uncertain times, especially when you are in need of the financial support a successful life insurance policy payout can offer. The attorneys at The Law Offices of John D. Ameen, P.A. are well-versed in this area of law and are ready to assist you in recovering the benefits you deserve.

Reasons Why Life Insurance Claims Can Be Disputed or Denied

Dealing with a denial or dispute regarding a life insurance policy can be a distressing and frightening time, especially when you are already dealing with a loss and are in dire need of the financial support a life insurance policy can offer. In these situations, it is wise to be aware of the various reasons for disputes or denials so you can better navigate the appeals process and claim the benefits you are owed.

The most common reasons for life insurance policy disputes include the following:

• Allegations of fraud
• Misrepresentation
• Interpretation issues within the policy
• Policy construction issues
• Disputes over the effective date of coverage
• Disputes over the cause of death
• Disputes regarding whether or not the death was self-inflicted

Common reasons why a life insurance policy may have an outright denial by the life insurance company include the following:

• Misrepresentation on the Claim Application: This is one of the most common reasons that life insurance claims are denied in Florida. If the insurance company discovers or allegedly discovers any untruthful or incorrect information on the application, they may deny it. Misleading information could include anything regarding age, income, lifestyle habits such as smoking, or the status of the deceased individual’s overall health.
• A Lapse in Policy: Another common reason for a denial is for a lapse in a policy, often because the premium has not been paid. If the individual who holds the policy fails to pay their monthly premium and the policy suffers a lapse, the insurance company is no longer obligated to pay out the claim. Therefore, it is vital that all premiums are paid on schedule so your loved ones do not experience a denial.
• Other Reasons: Other reasons can include policy exclusions, ambiguities in the language of the policy, and any policy limitations.

FAQs

Speak With a Trusted Life Insurance Lawyer Today

Dealing with the complexities of a life insurance claim in Florida is not an easy task. The attorneys at The Law Offices of John D. Ameen, P.A. can help. Contact our offices today to schedule your free consolation and learn how we can help you.