MetLife Life Insurance Claims – (Almost) Everything You Need to Know
Our Florida life insurance lawyers have handled many MetLife life insurance claim cases. There are different types of insurance provided by MetLife, each with different rights and provisions. When you are ready to make a MetLife life insurance claim, it is important to do it right the first time or your claim could be barred forever. If you need help filing a life insurance claim with MetLife, feel free to call our life insurance lawyers for a free consultation at 800-337-7755 or submit your question through our contact form.
Types of MetLife Life Insurance
A Universal Life Insurance policy offered by MetLife is one option they offer. it generally provides you with the flexibility to build the cash value of your own policy, or to focus more on the actual protection which is guaranteed throughout your lifetime. The differences are better explained by a MetLife life insurance agent, but here they are put in simpler terms:
Accumulation of Cash Value – As you pay into your policy, you generally grow a cash value. This amount can help pay your premiums in the event you miss a payment or are unable to pay. You may also be able to borrow against either the cash value or take out a loan against your policy. In terms of life insurance benefits, the loan typically gets paid back before your beneficiaries get their benefits. Their benefits would typically be the difference between the total policy limit less the loan and interest due on it.
Term Life insurance provided by MetLife generally provides life insurance during the term selected by the policy owner.
Dying with the term - Generally, a MetLife term life insurance policy pays the full benefit if the insured dies within the term. There are exceptions where the person dies within two years of the policy's effective date, or where premiums were not paid up to date. However, even in these cases, a policy can still be paid. Don't just accept a denial from the MetLife on a life insurance policy without speaking with us first.
Enhancing Your Policy
MetLife Insurance may provide you with the chance to enhance the policy for an additional premium. This is going to provide you with additional benefits such as lifetime of guaranteed monthly income for the beneficiaries under the policy, or the chance to waive your premiums if you get injured and aren’t able to work. Some enhancements may pay an additional amount if the death was accidental or may provide a benefit for the child of the insured. If you are a beneficiary trying to make a claim, we can try to obtain the policy to see if there are any enhancements on the policy.
Problems with Your Insurance Policy
If your MetLife Insurance Claim is denied, you should consult a MetLife life insurance attorney at the Law Offices of Jason Turchin at 800-337-7755 in order to determine the best course of action. In certain situations, you might want to appeal the denial or delay, while in others you might choose to file a lawsuit. It would all depend on the particular circumstances.
Paid Up MetLife Life Insurance Policy
MetLife provided paid up life insurance policies. A paid up life insurance policy is typically one where the policy owner pays the premiums on a universal or whole life policy up front, and no more premiums are ever due on the policy. Some policies allow them to change the beneficiary and some do not. Either way, the policy will have to generally get paid out when the insured dies. If you found out about a MetLife life insurance policy which was older, we can still investigate to see if the policy is still in effect. If so, you may be entitled to the proceeds if you are the beneficiary. If there is no surviving beneficiary, we can still assist with opening an Estate to make a Metlife life insurance claim and then handle the benefits through probate.
MetLife life insurance attorney
In any case, relying on a professional MetLife life insurance attorney can provide you with a many benefits. Keep in mind that this is an insurance company with a significant resources, but which may do everything it can in order to deny or delay payment of your claim. Don’t fall for the friendly adjuster act. Some adjusters may try to befriend you in order to get you to either feel badly or to take advantage of you, or worse to get you to make statements without an attorney present. If there is any doubt on your life insurance claim, you should have a life insurance attorney fighting for your rights.
A recent change in Florida law seems to be causing an increase in life insurance interpleader claims. If you were sued in a life insurance interpleader, or a life insurance company mentions a possible interpleader, you should call a Metlife life insurance attorney at the Law Offices of Jason Turchin today to find out more about your rights at 800-337-7755.
Estate Life Insurance Claim
If you found a life insurance policy with no beneficiary, or all beneficiaries are deceased, the policy may still have value. Generally, it may still be paid to the Estate of the person who owned the policy. Not only do we have life insurance attorneys in our office, but we also have a Probate department. We can evaluate the circumstances and see if there is any money due to the Estate. if so, we may be able to process the claim through the person's will, or through Florida's intestate laws. We can handle these claims on a contingency fee basis, which means you do not even have to pay us any money out of pocket. We only get paid if you recover money.
Any questions or for help with your MetLife life insurance claim, feel free to call us at 800-337-7755 for a free consultation.