Life Insurance Law Lists Updated Laws For Life Insurance Benefits For 2015 On Their Website

July 16, 2015 – – Philadelphia, PA attorney Erik K. Vogel has released a list of state resources as they pertain to life insurance benefit laws. Each state has its own specific guidelines that insurance companies must follow, as opposed to a set of federal laws that cover benefits across the board.

“Understanding the views of each specific state regarding life insurance benefits and how they could possibly be denied is critical,” states Vogel. “Many consumers have no idea how these laws work or what they can do to overcome claim denials.”

While some insurance companies do offer consumers options for life insurance in more than one state, those individual policies will differ depending on where the consumer lives. It can get very confusing for consumers who are unaware of just what those specific guidelines are in their area.

Understanding how life insurance law works is important. Vogel offers a list of the top reasons life insurance claims are often denied or delayed, in addition to resources for each state for the current year. Life insurance agents and financial experts recommend knowing each of the specifics in addition to carefully looking over any paperwork that you have at least once each year.

Things such as suspicious circumstances, when the policy was purchased and instances of insurance fraud can all negate an insurance claim, leaving the beneficiary holding a policy that will likely be denied by the insurance company. Knowing the laws in the state where the policy is purchased and where the beneficiary lives can help consumers to avoid issues with denials and delays.

The resources available will help consumers to better understand the laws in their respective states, leading to fewer claims being denied and fewer consumers left paying on a policy that will be deemed unpayable or otherwise not honored by the insurance company in the future.

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Contact Life Insurance Law:

Thomas Petrelli, Jr.
1845 Walnut Street
Philadelphia, PA 19103

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