When Are You Permitted to Contest a Life Insurance Beneficiary? There is no hard and fast rule that states when a person can contest a life insurance beneficiary. The decision to contest is often situational. Has something happened that makes you believe a beneficiary designation is invalid? In many cases, things like a divorce, a will, a separation agreement,...
In Texas, there are situations where a life insurance company may rescind a policy. This means that the life insurance company not only denies a claim, but that it asserts that the policy will not be honored. Rescission is different from cancellation. Cancellation normally arises when premiums are not paid and the coverage lapses. Insurance companies normally seek to...
We are pleased to announce that we have won a significant judgment on behalf of a client located in Odessa, Texas. The case was pending in the United States District Court, Western District of Texas. It originated as an interpleader action initiated by a life insurance company. The primary dispute was whether a life insurance company was obligated to...
It is not uncommon for there to be competing claims for life insurance benefits between a recently widowed spouse and a former spouse. For the people seeking life insurance benefits, these disputes are emotional and different. These disputes typically occur when the deceased spouse neglected to change the beneficiary after a divorce. The rules on this issue are complex...