When a person signs up for life insurance they believe their family members will be financially taken care of if they pass on and are no longer able to provide financial support for them with their own hands. Life insurance companies are required to act in good faith and give the full settlement amount when the time arises, however they often do not do this to increase their profit.
Family members who were expecting to receive life insurance but were denied for one reason or the other should call a life insurance lawyer as soon as possible. An attorney who is experienced and qualified to answer questions and take legal action for insurance claim denials can help a person work out why they were denied and what steps they can take to receive their promised settlement during this difficult time period in their lives.
In some cases, the life insurance company may go out of business before a person gets their insurance claim. If this is the case, a person does not have to give up hope. Luckily, in Arizona, individuals may still receive their life insurance amount even if the company is no longer in business and no longer operating their services. An attorney can help a person get their claim from the Arizona Life and Disability Insurance Guaranty Fund as long as a person was up to date with their payments. The amount may be slightly less than what a person was originally entitled to receive but it will definitely still be enough to cover significant expenses.
There are many laws in Arizona that protect a person from unfair action taken by a life insurance company and an attorney can educate a person on those laws and can help them use them to one’s advantage.
How can an insurance lawyer help me with my life insurance denial in Arizona?
A lawyer who specializes in dealing with life insurance cases can give a person a basic evaluation in which they discuss the facts of the case in thorough detail. In this evaluation, they will tell a person what they can expect and how much they will be able to do for them.
If a person decides to work with that attorney they will then move forward in discussing the legal terms and documents required to get a person their settlement amount and to counter the denial made by the insurer. If a person’s claim was approved by the insurer but is getting unnecessarily delayed then an attorney can also contact them to make sure they deliver it as soon as possible.