On Saturday, September 26th, attorneys David Daggett and Griff Shuler of Daggett Shuler Law appeared on Triad Today to talk about life insurance policies and resulting claims. They offered insight, advice, and great tips about what to do, should your life insurance claim be denied.
Each year, more than $1 billion in life insurance benefits go unclaimed. These benefits are designed by nature to cover funeral expenses, education, and to take care of the beneficiary’s future needs.
One of the major reasons that unclaimed benefits exist is denials by the insurance company. They use any technicality to deny claims, and assume that beneficiaries will not dispute the denial. Some policies are unclear as to what needs to be done to set a claim in motion, which can make for a very confusing process to claim benefits.