Life Settlements

Actions that May Invalidate a Life Insurance Policy

Life insurance is an important instrument for individuals who have a spouse, children, or other parties that depend in some measure on their livelihood and living. As with all insurance policies, the basic premise is fairly simple. You agree to pay a monthly (or annual) premium to an insurance company with the expectation that they will disburse benefit payments in the amount established by the terms of your life insurance policy when you die. Typically, the payments that are involved with a life insurance claim are of a significant dollar amount, so the denial of benefits can be particularly problematic for your beneficiaries.

If you are looking for the right life insurance policy for your situation and have questions about how to decode the intricate and confusing fine print, contact Life Settlements and You at www.lifesettlementsandyou.com.

Definitive “Don’ts”

To prevent, or at least reduce the likelihood that your survivors’ claims will be rejected, there are some essential things to consider. As a basic rule of thumb, remember that these insurance companies have plenty of resources to investigate claims, and they would much rather spend $250,000 conducting the research to deny your beneficiaries benefits than to issue the $750,000 stipulated by the policy. Things that may invalidate your policy and to leave your love ones without recourse are:

• Misrepresenting the state of your health
• Inaccurately answering any questions in the policy application
• Suicide
• Drug overdose
• Other reckless or criminal behavior that results in your death

Contact Us

Life insurance policies are like a minefield laid by the insurance company before you ever arrived. You need helpful guidance to protect your loved ones’ best interests. Contact Life Settlements and You at www.lifesettlementsandyou.com.