Turchin’s Take

Life insurance policies are designed to provide financial support to beneficiaries upon the death of the policyholder. However, there are instances where the insured dies, and all the named beneficiaries have also passed away, leaving no clear recipient of the life insurance proceeds. In these cases, understanding how the policy proceeds are handled can help…

Life insurance beneficiary designations are typically straightforward, allowing policyholders to name individuals who will receive the proceeds upon their death. However, complications can arise when a power of attorney (POA) is involved, and the agent under the POA changes the beneficiary designation on behalf of the policyholder. This raises important legal questions, especially when family…

Florida Statute 627.455 plays a critical role in providing security and peace of mind to life insurance policyholders. It establishes that life insurance policies become incontestable after a certain period, limiting the grounds on which an insurer can challenge or deny a claim. This page explains the incontestability clause under Florida law, how it protects…

Florida Statute 627.454 often plays a pivotal role in defining the legal framework of life insurance contracts within the state. This statute helps ensure that the terms of the life insurance policy and any attached application materials constitute the entire contract between the insurer and the policyholder, fundamentally shaping how disputes and misunderstandings are resolved.…

New Jersey Statute 17B:25-4 provides crucial protections for life insurance policyholders by stipulating that life insurance policies become incontestable after a specified period, except under certain conditions. This legal provision helps ensure that after two years from the date of issue, the validity of a policy cannot be challenged by the insurer, giving policyholders peace…

Navigating life insurance claims can be complex, particularly when claims are denied or disputed. In such cases, having an experienced life insurance lawyer can make a significant difference. In Florida, many life insurance lawyers work on a contingency fee basis, meaning they only get paid if they win your case. This page will explore the…

Facing a denial from Globe Life Insurance can be disheartening and confusing. Understanding why your claim was denied and knowing the steps to challenge this decision are crucial in turning a denial into an approval. At the Law Offices of Jason Turchin, we have experience in dealing with insurance claim denials and are here to…

Life insurance can provide crucial financial support to beneficiaries upon the policyholder’s death, but understanding the process for claiming these benefits may be vital. New Jersey Statute 17B:25-11 outlines specific provisions regarding the payment of claims, including required timelines for insurers to settle claims or notify claimants of any issues. This article breaks down these…

In Florida, as in many other states, the “Slayer Statute” can play a critical role in determining the eligibility of beneficiaries under life insurance policies when they are involved in the death of the policyholder. This legal provision is designed to prevent individuals from profiting from their wrongful acts, specifically when such acts result in…

Interpleader actions are legal processes used by insurers when there are disputes over who is entitled to receive the proceeds from a life insurance policy. In New Jersey, such disputes can sometimes escalate to the federal court level, particularly when conflicting claims involve parties from different states or large sums of money. Understanding how to…