Monitoring acquisition and distribution of policy benefits.
Life insurance policies and related insurance products do not require assistance from lawyers until there is a question about whether there has been a misrepresentation made at the time the policy was purchased, or there is a dispute over who was intended to receive policy proceeds.
We have experience with discovery, procedures (including interpleaders), and substantive issues that arise in connection with life insurance policies and related products.
EXPERIENCE
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Successfully resolved dispute over life insurance policy proceeds involving issues of misrepresentation in the application and issues over rightful beneficiary.
- Contested obligation to pay policy proceeds because of misrepresentations in application as to insured's health and habits.
- Uncovered fraud in policy renewal that enabled client to negotiate favorable settlement of claims arising out of insurer's alleged misrepresentations in coverage summary.
- Successfully interpleaded life policy benefits into court to extricate client from participation in battle over competing interests in policy.
- Obtained summary judgment on commission felony exclusion, eliminating client's obligation to pay accidental death benefits.
- Secured affirmance on appeal regarding validity of beneficiary change.
- Obtained judgment in favor of insurer's denial of benefits under mortgage life policy due to insured's willful and fraudulent medical history answers on application.