Life Insurance

An interpleader lawsuit refers to when a life insurance company is unsure of who they’re supposed to pay benefits to. They may hand the money over to the court and sue all potential beneficiaries to avoid the risk of paying out benefits twice. The beneficiaries are forced to fight for their benefits depending on the specific circumstances of the case. Interpleader lawsuits are often filed in federal court, which comes with its own strict set of rules. Noncompliance with these complicated stipulations may cause the court to issue a default judgement and you to lose your case.

If a policyholder passes away within two years of applying for their life insurance, Florida life insurance agencies often investigate the policy and policy application to check if there were any false representations on the application. For example, if somebody did not report a prior medical history, but their medical records illustrate otherwise. In certain cases, beneficiaries may still be entitled to life insurance benefits even if the person said no to a medical question that should have been yes. For the life insurance company to deny the claim, they usually need to establish that coverage would have been denied if the report had not been false. They may also need to establish that the person was aware they were answering falsely at the time of application. Standards differ depending on policy language and application, and it is often difficult for the life insurance company to prove that the person knew about their medical condition at the time of application.

New Florida statutes stipulate that if somebody lists a spouse on their life insurance policy and then divorce, the ex-spouse may still have a claim. In certain Florida cases, the life insurance company’s decision to not pay an ex life insurance benefits may be deemed improper. Speak with a life insurance claim attorney from Lander & Associates to see what you are legally entitled to.