– Sean O.
In most cases, a life insurance claim should be paid as soon as possible—usually no more than a month or two. Often, however, life insurance companies delay the payment of legitimate claims for weeks, months, or even longer. Such delays can cause serious financial distress for families, who may be struggling to pay burial fees or to recover from the loss of income from a breadwinner. If you find that the payment of your life insurance claim has been delayed, contact a dedicated life insurance attorney at Drost, Gilbert, Andrew, & Apicella right away.
The first step in ensuring quick payment of your life insurance claim is to make sure that your insurance company has received the death certificate and claim form pertaining to your policy. Even if the your claim has been properly filed, delays might still occur if a doctor is slow to finish paperwork identifying the cause of death, or if a funeral director is slow to complete necessary paperwork. An autopsy can also slow things down due to delays in receiving lab results. An experienced life insurance attorney can investigate the delay in the processing of your claim and fight to ensure that your claim is promptly paid.
If your life insurance policy is less than two years old, you are especially likely to encounter delays in the payment of your claim. For the first two years, a life insurance policy is “contestable.” This means that the insurance company can scrutinize the policy for any material misstatements or omissions that could justify rescission of the policy and denial of your claim.
Even when the insurance company does not ultimately find grounds to deny your claim, it may continue to delay payment for months while you are tempted to give up on your claim in frustration. While your claim lingers, the insurance company can spend months verifying medical records relating to the death of the insured or his overall health. However, you should not give up on your claim. A dedicated DGAA life insurance attorney will guide you through the process of collecting on your claim and will fight to ensure that you promptly receive your full benefits when you need them the most.
If the payment of your life insurance claim has been unreasonably delayed, it is important to have a dedicated life insurance attorney on your side. Contact Drost, Gilbert, Andrew & Apicella today to speak to an experienced life insurance attorney. Your DGAA lawyer will aggressively pursue your claim. We will confront the insurance company about the reasons for the delay and we will relentlessly push for the prompt payment of your claim. We have offices in Chicago and Cook County, and we serve clients throughout the greater Chicagoland area including Arlington Heights, Rolling Meadows, Palatine, Inverness, Schaumburg, Deer Park and Barrington.