Losing a loved one is one of the most difficult experiences that anyone can face in life. While grieving such a loss, you might learn that your loved one named you as a beneficiary of their life insurance coverage. If your loved one faithfully paid their insurance...
Disability & Life Insurance and ERISA Attorneys
Doing What’s Right For Greater Colorado and the Rocky Mountain Region
Disability & Life Insurance and ERISA Attorneys
Doing What’s Right For Greater Colorado and the Rocky Mountain Region
Are AD&D policies from the bank worth it?
It seems like every other month you get the same notice in the mail from your bank or credit union: A free offer of a $1,000 accidental death and dismemberment (AD&D) policy – just in appreciation for being their customer! All you need to do is sign the form they...
The cause of death matters in life insurance claims
When you take out a life insurance policy, you expect your beneficiaries to receive a payout upon your death. However, it is not guaranteed. The cause of death of the policyholder is a crucial consideration. It could determine whether or not the beneficiaries will...
What you should know if your loved one had AD&D coverage
One type of insurance coverage often offered in employer benefit packages that is sometimes confusing is accidental death and dismemberment (AD&D) insurance. People tend to focus on the dismemberment part. Actually, these policies typically cover other traumatic...
What you need to know about life insurance and high-risk jobs
Can a person’s occupation prevent them from obtaining life insurance? It can certainly make it more difficult to obtain and require higher premiums. Life insurance providers categorize certain occupations as hazardous to a person’s health and/or safety. If a person...
2 common reasons life insurance companies won’t pay benefits
Many people's estate plans hinge on their life insurance policies. They expect the coverage they carry to pay for their funeral services and also to help their family cover basic living expenses. There are even some people who expect their life insurance policy to...
Life insurance might still be payable after a suicide
McDermott Law recently helped a client settle a tragic case involving his wife’s death and the insurance company’s failure to pay on her life insurance claim. A young couple purchased life insurance to protect them if something terrible were to happen to the other....
3 reasons companies refuse to pay out on life insurance policies
Life insurance is an investment in the security of your closest loved ones. You pay for a policy so that they can afford a funeral for you and so that they can maintain the same standard of living when you no longer contribute to the family. There are different kinds...
How do beneficiaries handle a life insurance claim?
Life insurance policies serve a vital purpose. When the policyholder passes away, the beneficiaries could immediately file a claim and use the funds to cover numerous financial obligations ranging from funeral and household expenses to a child's educational costs....
Why are some life insurance claims denied?
It can be devastating for Colorado families to have a life insurance claim denied. Life insurance policies are usually meant to help cover some of the costs of a funeral after the loss of a loved one. When those funds aren't immediately available it can cause a lot of...
