How long can life ins. policy holder legally delay paymnet

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Posted by Scott Madsen (66.214.77.240) on July 07, 2003 at 18:37:39:

My wife died of Breast Cancer on March 25, 2003. The claim was officially filed on or about April 10. 1st Colony Life is making me jump through hoops with verifying that I have made timely payments on the policy. Which I have done. And for over 2 months now, they have been doing a medical history search on my wife going as far back as 1980. I've gotten them all the info on her past and present Doctors.
1st Colony claims they are doing this because my wife signed up for the policy about 20 months (under 2 years) before she died. She had been covered by Jackson mutual for almost 10 years prior to signing on with 1st Colony. We never missed a payment until we switched to 1st Colony. The 1st Colony agent was my agent for my new life policy. He asked my wife if she had a life insurance policy and what it was. He offered her a policy worth $50,000.00 more for $3.00 less per month in payments. Of coarse we went for this. Now we may get no settlement at all because we switched. Can 1st Colony deny payment based on being less than 2 years mature? I saw nothing in the paperwork we signed describing this rule.
How long can they take to satisfy this claim?
Isn't there a legal limit or time frame in which they must settle?
I've got over $40,000.00 of her medical bills and $8,000.00 of her credit card bills that need to be paid! These people want their money, and rightly so, but how long must I wait for 1st Colony to payoff/settle this calim?

Thanks in advance for you help.

Scott Madsen

Follow Ups:

Re: How long can life ins. policy holder legally delay paymnet Ken Young 06:25:31 7/08/2003 (1)
- Re: Re: How long can life ins. policy holder legally delay paymnet Paige Stenstrom 19:14:42 7/08/2003 (0)
Re: How long can life ins. policy holder legally delay paymnet doug mastroianni 00:22:23 7/08/2003 (1)
- Re: Re: How long can life ins. policy holder legally delay paymnet doug mastroianni 00:24:40 7/08/2003 (0)
Re: How long can life ins. policy holder legally delay paymnet doug mastroianni 00:21:59 7/08/2003 (0)

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Comments:
: My wife died of Breast Cancer on March 25, 2003. The claim was officially filed on or about April 10. 1st Colony Life is making me jump through hoops with verifying that I have made timely payments on the policy. Which I have done. And for over 2 months now, they have been doing a medical history search on my wife going as far back as 1980. I've gotten them all the info on her past and present Doctors. : 1st Colony claims they are doing this because my wife signed up for the policy about 20 months (under 2 years) before she died. She had been covered by Jackson mutual for almost 10 years prior to signing on with 1st Colony. We never missed a payment until we switched to 1st Colony. The 1st Colony agent was my agent for my new life policy. He asked my wife if she had a life insurance policy and what it was. He offered her a policy worth $50,000.00 more for $3.00 less per month in payments. Of coarse we went for this. Now we may get no settlement at all because we switched. Can 1st Colony deny payment based on being less than 2 years mature? I saw nothing in the paperwork we signed describing this rule. : How long can they take to satisfy this claim? : Isn't there a legal limit or time frame in which they must settle? : I've got over $40,000.00 of her medical bills and $8,000.00 of her credit card bills that need to be paid! These people want their money, and rightly so, but how long must I wait for 1st Colony to payoff/settle this calim? : Thanks in advance for you help. : Scott Madsen

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