Originally Posted by Insuranceguy1985
I am still relatively new to the business but I just want to see if any of you have seen a death benefit claim get denied, and if so what was the reason. After 2 years, i know suicide would get covered but what could an insurance company say to deny a claim after this period? Any stories would be great thanks!
I have seen 1. Actually JNL only denied 1 of her claims. They paid on the other policy that was past the 2 yrs. I understand that the other 10+
companies all denied their claims. I did not write any of these.
I did have one that the company first denied (IMO
rightfully) due to lapse status. After everyone lawyered up, And I called my E&O carrier. The company caved and paid her a third of the claim to go away.