Life Insurance Beneficiary Rules in NY
How Does Life Insurance Work in New York State? If you are the owner or a beneficiary of a life insurance policy issued in New York State, this guide will […]
Life Insurance Blog
COVID-19 & Life Insurance Payouts [GUIDE]
If your loved one died of COVID-19, and you are the named beneficiary of his or her life insurance policy, read this guide for problems to look out for and […]
Chad Boonswang: One of America’s Most Honored Lawyers
The Boonswang Law Firm is pleased to announce that Chad Boonswang has been named one of America’s most honored lawyers of 2020. As one Ameirca’s most honored lawyers of the […]
Life Insurance Beneficiary Laws in Florida: A Guide
How Does Life Insurance Work in Florida? If you are the owner or a beneficiary of a life insurance policy issued in the State of Florida, this guide will provide […]
Is COVID-19 Covered By Your AD&D Policy? Maybe…
If you or someone close to you contracted the coronavirus, filed an AD&D claim, and the insurer denied your claim, call us. If there is a way to get your […]
Chad Boonswang: Voted Top Rated Lawyer in 2020
Chad Boonswang: Voted Top Rated Lawyer in 2020 The Boonswang Law Firm is pleased to announce that Chad Boonswang has been recognized as one of the top rated attorneys of […]
Can a Life Insurance Claim be Denied Because of Coronavirus?
Life Insurance Beneficiary Lawyer to Help You If Your Life Insurance Claim is Denied due to COVID-19, the disease caused by the Coronavirus We are in the middle of a […]
Lawyer to Help with Life Insurance Agent Negligence
Has your claim been denied due to misrepresentation or insufficient coverage caused by insurance agent negligence? Find out from a nationally-recognized life insurance beneficiary lawyer what an insured or a […]
Getting Accidental Death & Accidental Dismemberment Payouts
What is an AD&D policy? Typically accidental death and dismemberment insurance (AD&D) is available as a rider to a life insurance policy or a health insurance policy. An AD&D rider […]
Does Life Insurance Cover Acts of War or Terrorism?
The answer is, maybe. Most life insurance policies contain a “war exclusion” clause, which specifically excludes coverage for acts of war like: Terrorism Revolution Military coup Insurrection Invasion Have you […]
Beneficiary Problems with Employer Group Life Insurance
Recently there has been a lot of successful litigation by beneficiaries of group life insurance policies provided by employers. In these cases, the insured either retired, quit, or was fired, […]
AARP Life Insurance Claim Denied Due to Lapse – What To Do
Sound familiar? It happens more often than one would think. If this happens to you or someone you love, don’t feel powerless – there is something you can do about […]
Delayed Payout? Life Insurance Companies May Owe Interest
If a life insurance company is delaying payment of your claim, you may be owed interest. When an insurance company denies or delays your claim, they can continue investing the […]
Life Insurance Beneficiary Rules: Texas
If you are the owner or beneficiary of a life insurance policy issued in Texas, it is important to understand your rights under the policy as well as the specific […]
Your Guide to Life Insurance Beneficiary Disputes
What happens when multiple people claim they each are entitled to life insurance benefits after the death of the insured? How does an insurance company determine who is entitled to […]
What To Do When a Life Insurance Claim is Denied Due to Lapse
Lapse is one of the most common reasons life insurance claims are denied. When a life insurance policy “lapses,” it means that the policyholder or designated payor has not paid […]
What happens when there is false information on a life insurance application?
What to do when an applicant for an individual health policy failed to complete the application properly What happens when a life insurance application contains bad information? Wrong or false […]
Can You Collect Life Insurance if Someone Kills Themself?
Life Insurance Claims After Suicide Hopefully you do not ever have to go through such an ordeal, but if you ever experience a loved one committing suicide, many things will […]
Can Felons and Ex-Convicts Get Life Insurance?
Do insurance companies cover felons and convicts? Can you get life insurance if you are a felon? Can you get life insurance with a criminal record? When deciding whether to […]
What Happens When Your Employer Terminates Your Group Life Insurance Policy?
What happens to life insurance when you leave a job? Does your employer end coverage when employment is terminated? Not necessarily and not without notice. Read on to find out […]
What Happens When a Life Insurance Policy Lapses?
What does it mean for a policy to lapse? When a life insurance policy “lapses,” it means that the policyholder or designated payor has not paid one or more required […]
How Does Divorce Affect the Beneficiaries of a Life Insurance Policy?
What does divorce mean for life insurance beneficiaries? Laws that govern divorce, also known as family law, vary from state to state. Beneficiaries of a life insurance policy may be […]
Does Life Insurance Cover Drug Overdoses?
Is a drug or alcohol overdose considered an accidental death? Will life insurance payout when the insured died due to accidental drug overdose or alcohol poisoning? Sometimes. Insurance policies will […]
Life Insurance Retained Asset Accounts Explained
Life Insurance Retained Asset Accounts Explained Retained Asset Accounts, also known as RAAs, are tools created by life insurance companies as an alternative to paying out a lump sum. You […]
Financial ramifications of a loved one’s death
Coping with the death of a loved one can be an emotionally taxing experience. While finances may be the last thing on your mind, understanding the basics of estates, trusts, […]
What is a life insurance trust?
A trust is a financial entity created when an individual puts money or assets aside to be managed, invested, and distributed by a trustee. Trusts may assign an individual or […]
Can you have two primary beneficiaries on a life insurance policy?
Yes. You always should name multiple beneficiaries on a life insurance policy. Why? Read on to find out. What is a Beneficiary? When taking out a life insurance policy, the […]
Bad faith in life insurance policies
An insurance company acts in “bad faith” when it attempts to avoid its legal obligations to clients. Insurance companies engage in bad faith when they deliberately misconstrue or fail to […]
How do life insurance payouts work?
If you’re the beneficiary of a life insurance policy on someone who recently passed away, you may be wondering how the payout process works. What’s the typical time frame? What’s […]
Life Insurance Not Paying Out? These Are The Most Common Reasons.
You may find yourself in a situation with your life insurance not paying out. A life insurance company can refuse to pay a claim for many reasons. What are the […]
Misrepresentations and cause of death in life insurance applications
Can Life Insurance Companies Deny a Claim? At first glance, life insurance seems like a fairly simple process. The policyholder applies for insurance with a specified death benefit, and, after […]
When must an insurable interest exist for a life insurance contract to be valid?
When someone purchases life insurance, he or she must have an “insurable interest” in the insured. This means that the policyholder, i.e. the person who owns the policy and names […]
Contesting a life insurance beneficiary designation
Contesting a Life Insurance Beneficiary Designation Can a life insurance beneficiary be contested? Yes. When a policyholder passes away, his or her life insurance benefit is supposed to go to […]
Life insurance beneficiary rules in California – 2020 Update
California Beneficiary Laws For the most part, the process of naming beneficiaries to a life insurance policy is the same across all states. In fact, unless prohibited to do so […]
How to Find a Life Insurance Policy After Death
Life Insurance Companies May Not Contact Beneficiaries After facing a loved one’s death, life insurance can help provide necessary financial security to pay for funeral expenses and supplement lost income. […]
Can an interpleader take money from the winner of a contested insurance policy to pay court costs?
Ideally, the death benefit on a life insurance policy is paid directly from the insurance company to the named beneficiary or beneficiaries. However, disputes frequently arise over who is rightfully […]
Do life insurance companies have a statute of limitations on payments?
Waiting for a claim to be paid out can be a frustrating process. Generally speaking, claims should be processed and paid out within a month, but this is often not […]
Why would a life insurance policy need probate papers?
Does Life Insurance go through Probate? Is Life Insurance Part of a Deceased Person’s Estate? Generally speaking, no. Life insurance death benefits are paid out directly from the insurer to […]
When can an insurance company cancel a life insurance policy?
When taking out a life insurance policy, the policyholder aims to provide an extra layer of financial security and peace of mind for his or her loved ones. However, since […]
Do you pay taxes on life insurance benefits?
Life insurance is typically taken out to provide a secure, guaranteed pool of funds for a loved one in the event of the policyholder’s death, often used to compensate for […]
What is a spendthrift provision?
What is a Spendthrift Clause in a Life Insurance Policy? Let’s start with defining a Spendthrift Trust Provision A “spendthrift trust” is a form of trust meant to protect the […]
How long should it take for an insurance company to pay out on a life insurance claim?
If all goes well and all documentation is in order, insurance companies should pay out on claims promptly. In most cases, the time from which the death certificate and necessary […]
What happens to the benefits for a life insurance policy when the beneficiary is deceased?
What happens if a life insurance beneficiary is deceased? When a policyholder passes away, his or her life insurance benefit is supposed to go to a predetermined beneficiary, often a […]
What happens if someone dies shortly after getting life insurance?
In short, the beneficiaries’ claims are more likely to be denied. A life insurance company is contractually obligated to pay the specified death benefit regardless of when the loved one […]
What happens if a life insurance policy lapses due to nonpayment of premiums?
What does lapse mean in life insurance? Lapsation in insurance is a common problem. Here is the definition of lapse. When you buy a life insurance policy, the insurance company’s […]
Boonswang Law Runs New Spot (video)
LIFE INSURANCE LAWYERS FIGHTING FOR YOU We are proud to share our new ad featuring information about how we help beneficiaries throughout the United States.
Quick Tips for Buying Life Insurance (video)
The terms of your policy could be life-altering for your loved ones. Insurance is something of a mystery to many of us. What are the different kinds of coverage out […]
Our Founder Recognized with Avvo’s Highest Rating for 2015
Boonswang Law Rated with Avvo’s Highest Score We are proud to congratulate our founder, Chad G. Boonswang, for receiving a perfect rating by our clients in 2015. Mr. Boonswang’s rating […]
Chad Boonswang rated 10/10 once again by Avvo.com
Our very own Chad Boonswang has been recognized with the highest rating offered by avvo.com. Avvo.com is considered to be one of the preeminent […]
Was Your Life Insurance Payout Denied After the Contestability Period?
Unfortunately, it’s a common occurrence to find yourself in a situation where life insurance is not paying out. While this most commonly happens during the contestability period, denial do occur […]