![]() Finally, there is never a cost to speak with the Illinois attorneys that run our site and will talk to you on the phone or by e-mail for free. The advice that you receive from us should be taken in general terms. The only way to establish an attorney client relationship with us or any other Illinois lawyer is through a signed retainer agreement in which you agree to hire the lawyer and they agree to work with you as a client. By contacting us or any lawyer that you are referred to through this website, you have not created an attorney-client relationship. The law in Illinois is constantly changing and although we do our best to keep our website current, you should not make any final determinations based on what you read here. Web Site Disclaimer: None of the information on this website should be considered legal advice. If you would like to discuss a life insurance benefits lawsuit for free, call us any time. The bottom line is that we’ve had great success with these cases and it costs nothing to bring a case unless we are successful. While you shouldn’t miss a payment if you can help it and you should catch up if you do, there are laws that address how these situations should be handled. The life insurance company accepted the check and then had the nerve to later say the policy was terminated because payments were late. We’ve seen similar denials on cases where someone missed a payment and then caught up with their payments. In the ends the kids won and collected their money. The Judge in the case ruled that the termination notice provided didn’t specifically state what would happen if a payment wasn’t made on time. He died four days after the grace period ended. He missed payments and although the insurance company sent a payment termination notice. He got sick with a very serious form of cancer and eventually passed away from it. A man had paid over $23,000 in premiums toward a $250,000 policy. This scenario actually happened in a recent Illinois court case. ![]() Section 234(1) of the Illinois Insurance Code says: a life insurance company can declare a policy has lapsed only if a premium payment is at least six months overdue or the company notified the insured party beforehand that “the policy and all payments thereon will become forfeited and void” if a premium is not paid on time. ![]() The good news is that Illinois law is looking out for this type of situation. A lot of life insurance policies have clauses written in them that say something like, “the policy will be terminated if it is not paid within 31 days of the due date.” So you can spend thousands of dollars over many years and then lose everything. If you are hit by a car or dealing with a severe illness and in the hospital, it makes sense that you won’t be paying your bills in a timely manner. One common reason for a denial is when coverage has lapsed or the insured person missed a payment. As a result, often these lawsuits get filed and settled very quickly. In their minds, they have nothing to lose, because if you sue they’ll just have to pay out what they owed anyway. They’ll even do it when they know they can’t get away with it if you sue them over it. They lose money every time that they pay out a claim, so if they think they can deny a payout, they will. Unfortunately, not all life insurance companies act honestly in processing these claims. If you pass away, you want to leave money for your loved ones whether it be for funeral expenses or to support them in their daily acts of living. Life insurance is a really useful product for people when it’s done ethically. We are Illinois experienced Illinois attorneys who will talk to you for free about your legal matter.
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