A New York and New Jersey Lawyer Who Represents Policyholders and Beneficiaries in Life Insurance Denial Cases

Category Archive for 'Life Insurance'

A recent WSJ article highlighted a persistent problem that I have previously noted on this blog: universal life insurance policies that become unaffordable for insureds, lapse due to insufficient funds, and leave their estate planning in shreds. The article is by Leslie Scism who writes about the industry for the Journal. Really, it should be […]

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A couple interesting items that I saw in the news: First, as Reuters reported, life insurance companies may start issuing applications that include questions about whether or not you engage in or intend to engage in space travel. Yep, I’m not making this up. Presently, most applications inquire if the applicant is a pilot or […]

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Reuters┬áreports that New York insurance regulator Benjamin Lawsky has launched an investigation into indexed universsal life insurance products. These are life insurance policies that invest the cash value in index funds such as the s&P 500. The issue is with how the policies are marketed to the general public, as it is suspected that prospective […]

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Fox Business must have had a slow news day, because in a recent article it entertained the hypothetical question of whether a prison inmate can obtain a life insurance policy. Basically, the answer–to those who are curious, and you are quite likely few in number–is negative. According to the article, 7 million Americans, or 2.9% […]

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Currently, we are in a period of low interest rates that is unprecedented in our nation’s economic history. That is, I think it’s unprecedented. I’m a lawyer, not an economist, so I don’t possess that type of financial knowledge and don’t know if that statement is really true. I suppose I could fact-check it on […]

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Slayer Statute cases are those where the life insurance beneficiary is accused of killing the insured. Most states, if not all, have laws on the books that prevent a life insurance beneficiary from collecting the insurance policy if he or she is responsible for the death of the insured. A typical scenario is where one […]

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Readers of this blog, and those who are familiar with life insurance, know what the contestability period is: a two-year time period after the issuance of a life insurance policy when the insurer can cancel or rescind the policy if the insured made what’s called a “material misrepresentation” in the application, such as in response […]

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Lapsed Life Insurance Policies

A recent article published in Life Health Pro put the spotlight on a South Carolina case that involved the cancellation of a life insurance policy for non-payment of premiums, otherwise known as a lapsed policy case. I highlight it here because it is something that I frequently come across as a life insurance attorney. Although […]

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It’s not often that the life insurance industry is prominent in the news, but it was on June 11, 2013 when the New York Times reported how New York State regulators are calling for an end to tricky financial transactions used by life insurers to inflate their assets by billions of dollars. By making secret […]

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A brief article posted on abcactionnews.com highlights a problem that I see quite regularly as a life insurance attorney who represents policyholders and beneficiaries — the phenomenon of universal life insurance policies that prematurely run out of cash value and lapse. People invest thousands of dollars in these policies, believing they will serve as both […]

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