Losing a loved one and having a denied life insurance claim are two things everyone wishes never to experience. But the reality is that many people are currently experiencing these issues today. As a beneficiary to the deceased (insured), you’ll certainly need to make a lot of decisions and plans. One way to do this is by receiving the benefit of the life insurance policy of the deceased. But what exactly will happen if your insurance claim gets rejected by the insurer?
The simple answer is that – you can always appeal the decision. This is especially true if you feel the insurance company made the wrong decision. In the rest of this post, you’ll find a few factors worth considering before appealing a life insurance denied claim.
1. Don’t delay the appeal process
One thing you need to know about filing an appeal after a life insurance claim denial is that there’s always a deadline for it. The deadline can vary from insurer to insurer. But generally, insurance companies only give beneficiaries roughly 60 days to file the appeal.
Understanding the deadline for appealing a denied life insurance claim is crucial. What’s even more important is getting the entire filing process done before the appeal deadline passes. This is important because failing to appeal the denial before the deadline will only mean one thing – you’ll lose the opportunity to reclaim the benefit of the insurance policy.
2. Review the denial letter
For you to know you have a denied life insurance claim, the insurer must have sent you a denial letter. Now is the time to review the letter and identify the reasons why the life insurance won’t pay out, according to the insurer.
If the letter doesn’t state the reasons for the denial, all you need is to request more information from the insurer immediately. Knowing the reasons why you (a beneficiary) are denied a life insurance claim is crucial to understand the right way to handle the appeal process.
Other things you need to review in the denial letter are:
- On which insurance policy provisions was the denial based?
- Understand the documents that made the denial possible.
- Understand how the insurance company’s appeal process works.
- The life insurance claim appeal deadline
Before you go ahead with the paperwork, you need to compare the insured’s application answers to the insurer’s denial letter. This is also crucial to better understand how to go about the appeal process.
3. DIY or hire a professional service provider?
Now is the time to start preparing the paperwork for the appeal process. Before doing this, you need to decide if you want to file the appeal yourself or work with a professional services provider, such as Resolute Claims.
Hiring a professional services provider may be ideal if you can’t pass through the stress or don’t know what to do. With Resolute Claims, you’ll be assigned a case manager, who will handle the entire process for you. The cost of this service is usually a percentage of the entire insurance claim payout.
Do you feel you can file the appeal for denial yourself? If yes, you can still rely on experts at Resolute Claims for help. In this case, the experts will guide you accordingly. In addition, they’ll also provide you with free resources to help you appeal the denial successfully.
4. Prepare the appeal
Remember that everything about your appeal process should be done before the deadline passes. As such, after preparing the necessary paperwork, all you need next is to file the appeal.
When preparing the appeal, you need to add crucial information you may unless in a lawsuit. Any information you leave out now will never be reconsidered in court. Furthermore, ensure to include any new evidence that may increase your chances of winning the appeal. Moreover, including the insured’s complete life insurance file is crucial.
With Resolute Claims, your chances of winning an appeal for a denied life insurance claim are very high. Speak with a representative today by visiting the official website to book an appointment.
