Life Insurance Lawyer Serving Alaska

The Life Insurance Law Firm – Boonswang Law









    Trust Boonswang Law’s Life Insurance Lawyers in AK to Fight for You!

    Contact Boonswang Law Today to Discuss Your Life Insurance Claim with an Alaska Life Insurance Lawyer

    We have decades of experience helping life insurance beneficiaries across the country get the death benefits they deserve. 

    You probably think you know how life insurance works: someone buys a life insurance policy to ensure the financial well-being of dependents or other loved ones. They then pay premiums during the policy term to maintain life insurance coverage until the policy term ends or they die. 

    You might think that beneficiaries automatically receive the death benefit when the policyholder dies. Unfortunately, this is rarely the case. Life insurance companies have little incentive to pay beneficiaries because they only make money for their shareholders when they collect premiums and then deny claims. 

    If you feel your life insurance claim was wrongly denied or is being unfairly delayed, the Alaska life insurance lawyers at Boonswang Law can help you. Call us today to discuss your case, free of charge.

    The Life Insurance Lawyers at Boonswang Law Help Beneficiaries From These Alaska Cities and their Surrounding Areas:

    • Anchorage

    • Juneau

    • Fairbanks

    • Badger

    • Knik-Fairview

    • College

    • Tanaia

    • Lakes

    • Wasilla

    • Sitka

    • Kalifornsky

    • Ketchikan

    • Meadow Lakes

    • Kenai

    • Steele Creek

    Common Reasons for Alaska Life Insurance Claim Denials

    Alleged Misrepresentation by the Policyholder

    When purchasing a life insurance policy, the policyholder must disclose personal details such as date of birth, address, occupation, marital status, education, personal habits such as smoking or drinking alcohol, hobbies, current medications, and health history on their initial application. An insurance adjuster will calculate the risk that the policyholder will die within the policy term based on this information. Policyholders at greater risk of dying within the policy term pay higher premiums than policyholders at less risk. 

    If the policyholder omits information or makes a mistake on their application and then dies within the policy term, the life insurance company may allege that the policyholder misrepresented themselves in order to get a lower premium payment. The life insurance company will then retroactively cancel the policy due to the alleged misrepresentation and deny beneficiaries’ claims for death benefits.

    If this happened to you, you should contest the denial of your claim. Often what is allegedly misrepresentation was a simple mistake, or the policyholder did not understand the question, or the insurance agent completing the form for the policyholder made a mistake. Call us and let us look into it for you.

    Lapse of Coverage for Nonpayment of Premiums

    A policyholder must pay premiums as they come due to maintain life insurance coverage. If the policyholder fails to pay premiums for any reason, life insurance coverage ends. If your life insurance claim got denied because coverage lapsed due to unpaid premiums, call us. We may be able to get you paid. 

    Terminating life insurance coverage is highly regulated in every state, and all too often life insurance companies and employers who provide group life insurance coverage to their employees fail to follow those regulations. If we investigate and find out that coverage lapsed through no fault of the policyholder, we can get our beneficiary clients paid.

    The Insurance Company Misinterprets the Policy

    Life insurance companies frequently interpret the terms of a policy in such a way as to deny beneficiaries their payout. Remember, life insurance companies only make money for their shareholders when they collect premiums but deny death benefit claims.

    Call us if the insurance company denies your claim pursuant to a policy term that you don’t understand. Ambiguous policy terms are construed against the insurance company and you may still get a payout. We will review the policy and find out if the life insurance company improperly denied your claim.

    An Exclusion Allegedly Applies

    All life insurance policies list causes of death they exclude from their coverage. These are called “exclusions.” Exclusions vary among policies, however, death from self-inflicted wounds and death from acts of war or terrorism are commonly-found exclusions.

    The life insurance company may try to shoe-horn the policyholder’s death into one of the listed exclusions. When this happens, we investigate and are often able to show that none of the listed exclusions apply, and our clients get paid.

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    What to Expect when You Choose to Work with the AK Life Insurance Lawyers at Boonswang Law

    We know that it is likely you have never needed to work with a life insurance lawyer before. We promise that our team of experienced AK life insurance lawyers will:

    • Review the policy and determine coverage and exclusions
    • Review all correspondence from the life insurance company and identify the reason or reasons for delay or denial of your claim for death benefits
    • Negotiate with the life insurance company to get you your payout
    • Investigate all allegations made by the life insurance company in denying your claim to refute or cast doubt on those allegations
    • Litigate your claim in court against the life insurance company if necessary

    Like any other business, life insurance companies make their profit margins a priority. The more in premium payments a life insurance company collects and the fewer death benefit claims they pay out, the more money they make for their shareholders. In other words, the interests of the life insurance company are at odds with your interests and the policyholder’s interests. 

    The AK life insurance lawyers at Boonswang Law Firm fight to get you the death benefits you deserve after your loved one’s death.

    Frequently Asked Alaska Life Insurance Questions

    How Long Before Life Insurance Pays Out?

    After you file your claim, you should receive life insurance death benefits within 30-60 days. If this time period has elapsed and you have not received your payout, contact us. If the life insurance company unreasonably delays your payout, you may be entitled to interest!

    My Life Insurance Claim was Denied, What Should I Do?

    You should dispute denial of your claim. When you received the denial letter, you should have also received instructions on how to file a dispute. Many valid life insurance claims are initially denied and then paid when you fight back. Call us for help.

    My Life Insurance Claim was Denied Due to Lapse, Can I Still Get a Payout?

    It is possible, if you can show that the lapse was not the fault of the policyholder. You should dispute the claim denial. Give us a call for help.

    There are many instances in which lapse is not the fault of the policyholder. For example, if an employer failed to give the policyholder conversion papers or otherwise improperly administered the policy, you can still get paid the death benefits. If the life insurance company failed to send the policyholder the legally-required notices of lapse, you can still get paid. If the policyholder was eligible for disability waiver of premium and did not get it, you can still get paid. We will investigate and determine whether any of these circumstances or other mitigating circumstances are present.

    How Can I Find Out if Someone Had Life Insurance?

    You have to snoop around, as there is no nationwide list of all policyholders available. You might search the contents of the policyholder’s safe-deposit box and desk drawers for life insurance policy documents. Also look through their recent mail for premium notices and through bank account statements for evidence of premium payments. You might also ask your loved one’s employer if they had group life insurance through work.

    Can I Share Life Insurance Death Benefits with My Siblings?

    Yes! There is no law preventing you from sharing the death benefit with anyone you choose. In fact, it is pretty common for a policyholder to name only one child as a beneficiary with this expectation.

    Who is Authorized to Change a Life Insurance Beneficiary Designation in Alaska?

    Only a policyholder has the power to change their life insurance beneficiary designation. If someone else changes their beneficiary, they have committed fraud. 

    If you suspect a fraudulent beneficiary designation change, contact an experienced AK life insurance attorney to help you contest that designation immediately.

    What Happens If a Beneficiary Predeceases the Policyholder?

    If the policyholder did not update their beneficiary designation when the primary beneficiary died, the life insurance company pays the death benefit to the secondary beneficiary or the contingent beneficiary. If the policyholder did not designate secondary or contingent beneficiaries, the death benefit can pay out to the policyholder’s estate.

    Unfortunately, when the death benefits pay out to the estate they become subject to the claims of the policyholder’s creditors. To avoid this, policyholders should keep their beneficiary designations current and be sure to name secondary or contingent beneficiaries.

    What Happens if there is No Beneficiary Listed on the Life Insurance Policy?

    As when the beneficiary has predeceased the policyholder, the life insurance company pays out to the policyholder’s estate.

    The Beneficiary Designation Changed from Me to Someone Else Just Prior to Death, What Can I Do?

    You can dispute the beneficiary change if you suspect the change was made fraudulently or under duress. Fraudulent beneficiary change is very difficult to prove, so be sure to contact an experienced life insurance beneficiary attorney for help with litigating this.

    Can a Life Insurance Beneficiary Change After the Policyholder’s Death?

    Never! If the beneficiary designation changed after the date of the policyholder’s death, that change is fraudulent. Contact an experienced life insurance beneficiary attorney immediately for help.

    Call Boonswang Law Today & Talk with an Experienced Life Insurance Lawyer Serving Alaska

    For decades our experienced life insurance attorneys have been helping life insurance beneficiaries throughout Alaska get their death benefits paid. Don’t let insurance companies take advantage of you! Contact us to discuss your claim. Your initial no-obligation consultation is free of charge. We are ready to fight for you!

    There Is No Cost Until We Recover Your Claim. Contact Us Today!








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