Life insurance is meant to be a source of comfort and security for you and your loved ones. You research policies, work with insurance agents, and make the necessary arrangements. As long as you pay your premiums, you expect that your family will be taken care of in the event of your passing.
However, not all life insurance companies play by the rules. Some insurance carriers go to great lengths to deny coverage, even stretching claim language or using underhanded tactics. This is where Jackson National Life Insurance comes into the picture.
Who is Jackson National Life Insurance?
Jackson National Life Insurance Company is a financial services company that provides annuities for retail investors and fixed income products for institutional investors. With a valuation of nearly $300 billion in 2020, they are a massive insurance provider. Alongside their insurance policies, they also collaborate with other major financial companies like Prudential.
Protecting Your Rights against Jackson National Life Insurance
Over the years, customers of Jackson National Life Insurance have faced numerous difficulties. The company has been known to drag its feet in terms of customer service, especially when it comes to evaluating and paying out life insurance claims. Many policyholders have seen their premiums increase significantly after transitioning from full-time employment to retirement.
Moreover, like several other large insurers, Jackson National Life has been exposed for wrongfully denying claims. They were recently hit with a multi-million dollar jury verdict for engaging in bad faith behavior. In this case, the beneficiary of a life insurance policy attempted to obtain the payout after the policyholder’s death. However, Jackson National Life imposed unreasonable requirements, including signing waivers and appointing court guardians for minor children. Failure to comply would have jeopardized the plaintiff’s rights to the claim. The jury found this conduct so egregious that the plaintiff was awarded millions of dollars in punitive damages, a decision that was upheld by the appellate court.
Fighting Back against Wrongful Denials
Life insurance providers like Jackson National Life are legally obligated to pay out claims that are rightfully owed under their policies. While there are limited grounds on which they can deny a claim, most of these grounds only apply if the policyholder passes away within two years of purchasing the policy.
If your claim has been wrongfully denied by Jackson National Life or any other California life insurance provider, you do not have to accept it without a fight. You have the right to stand up for what you deserve. Your loved ones deserve the benefits you have paid for, and we are here to help you obtain them.
FAQs
Q: What should I do if Jackson National Life wrongfully denies my claim?
A: If your claim has been wrongfully denied by Jackson National Life or another California life insurance provider, reach out to our zealous and detail-oriented Los Angeles insurance denial lawyers at Gianelli & Morris. We offer a free evaluation of your claim and will assist you in your fight for rightful coverage. Call us today at 213-489-1600.
Conclusion
Jackson National Life Insurance, like many other insurance companies, has faced criticism for wrongfully denying life insurance claims. As a policyholder, it’s crucial to be aware of your rights and not accept a denial without questioning it. If you believe your claim has been wrongfully denied, reach out to experienced legal professionals who can help you fight for the benefits you deserve.
