People don’t buy life insurance for themselves, they buy it for the loved ones they leave behind. Leave it to the insurance company to find a way to deepen their loss through denial of life insurance benefits. They have people on staff devoted to exactly that, reviewing each claim closely to determine if there is a way to hang on to your money. They use a variety of tactics. The first line of defense for an uncaring insurance company is the life insurance application. They’ll look for a “misstatement” – which can be anything from a minor detail in health history or work background, to age, driving record, whether the applicant ever smoked, or even what hobbies they pursued. It doesn’t even matter if the “misstatement” had anything at all to do with the applicant’s death.
Life insurance comes in many flavors – whole life, variable life, universal life, along with other “products” the insurance companies may invent. But the bottom line is, when someone pays a life insurance premium – often for many, many years – they have a reasonable expectation that their beneficiaries will receive the amount due upon the death of the policyholder. If the insurance company plays the “deny, delay and defend” game in order to avoid paying a legitimate life insurance claim, they need to be held accountable. And their loved ones need to be paid.
Cabaniss Law is experienced in Wisconsin insurance law. We know the terminology, applications, “products” and practices the insurance companies employ to tip the scales in their favor, and to avoid paying life insurance claims whenever they can. We will pursue an insurance company which has denied or withheld a life insurance claim in bad faith, and work to recover all you are entitled to under the law as beneficiaries of that policy.
Among others, Cabaniss Law sued The Lafayette Life Insurance Company for its wrongful denial of life insurance benefits to the surviving wife and son of John Alloway. The trial court rejected Lafayette’s argument that it was entitled to decline to pay the $135,000 policy limit because Alloway was suspended from work at the time of his death. Following the court’s ruling, a hearing was set to establish bad faith damages, and the case was settled for $200.000.