Life Insurance:  Policy Lapse Issues

We successfully fought for a life insurance settlement for an AIDS victim. Life insurance companies often claim that their insurance polices have lapsed due to a failure of the policyholder to pay premiums, and they deny the insurance claim.  When Quadrino Schwartz gets involved, an investigation often reveals that there have been regulatory violations or other reasons why the insurance policy did not lapse.

We were hired by the family of an AIDS victim who had died from his affliction.  The life insurance company that held a policy claimed that there was no insurance at the time of death, due to a failure to pay timely premiums.

Quadrino Schwartz sued the insurance company and established in the litigation that there was no proof that the insurance company sent all of the legal notices that must be sent to the policyholder under New York's statutory scheme.  These notice must be sent by the insurance company in a timely and specific fashion.  Based upon the efforts of Quadrino Schwartz in the lawsuit, the insurance company was forced to compensate the family of the AIDs victim by paying a substantial settlement on the life insurance claim.