Life insurance claim
Life insurance claims and disputes: Your rights, our fight
Life insurance is meant to provide financial security for your loved ones in the event of your passing. However, when it comes time to make a claim, the process can be complex and sometimes disputed. At GMP Law, we specialise in helping beneficiaries navigate life insurance claims and resolve disputes that may arise.
Our experienced team is here to ensure you receive the full benefits you’re entitled to during this difficult time.
Why Choose Gerard Malouf & Partners
Understanding life insurance coverage
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Life insurance typically covers:
- Death benefit: A lump sum payment to beneficiaries upon the policyholder’s death
- Terminal illness benefit: Often allows early payout if the insured is diagnosed with a terminal illness
- Total and Permanent Disability (TPD): Provides a benefit if the insured becomes permanently disabled
- Trauma or critical illness cover: Offers a lump sum payment for specific serious illnesses.
Additional features may include:
- Accidental death benefit
- Funeral expense benefit
- Child cover.
It’s crucial to understand your policy’s specific terms and conditions as coverage can vary significantly between insurers and policies.
Eligibility for a life insurance claim
You may be eligible for a TPD claim if you:
Have been unable to work for six months or more due to illness or injury
- Are unlikely to return to work, in the same occupation or capacity as before the injury or illness
- Have a medical condition that prevents you from working
- Hold appropriate TPD insurance through your superannuation fund or a private policy.
Even if you’re uncertain about claiming, we encourage you to reach out. Our free initial consultation means you have nothing to lose by exploring your options.
Factors affecting life insurance claims
Many factors can influence the outcome of a life insurance claim:
- The policy’s terms and conditions
- The cause of death or nature of illness/disability
- The policyholder’s medical history and disclosures
- The claim’s timing relative to the policy start date
- Any exclusions or limitations in the policy
- The accuracy of the information provided in the application
- The beneficiary designation
- Any suspicious circumstances surrounding the claim.
Our team at GMP Law will help you navigate these factors to build the strongest possible case for your claim.
No Win No Fee
Fee transparency that you can trust
At GMP Law, we’re committed to ensuring you have nothing to lose.
If we don’t win your case, you won’t pay a cent for our services. This means you can focus on healing without worrying about legal costs.
How it works
No upfront costs
No contingency fee
We’ll only charge you if we win.
We maintain integrity by carefully evaluating each case. If we believe it’s unlikely to result in compensation or if the costs outweigh the benefits, we won’t take it on.
This commitment to our client’s best interests, as well as fee transparency, sets us apart from other law firms.
With a 98% success rate and over $4 billion in settlements, we’re dedicated to delivering exceptional results for our clients.
Frequently asked questions about life insurance claims
How long does it take to receive a life insurance payout?
While straightforward claims can be paid within a month, complex cases may take several months. We work to expedite the process as much as possible.
Can a life insurance claim be denied?
Yes, claims can be denied for various reasons, including:
- Policy exclusions
- Non-disclosure of medical information
- Suspicious circumstances.
If your claim is denied, it is not the end of the road. We can help you challenge unfair denials. GMP Law offers free initial consultations to help individuals determine if they have a viable case. Our experienced lawyers can guide you through the complex process of evaluating your situation.
What if the policyholder died during the contestability period?
When a policyholder passes away during the contestability period—typically the first two years of the policy—any claims made may undergo heightened scrutiny. This period is crucial because insurers reserve the right to investigate the validity of claims more thoroughly, particularly regarding any misrepresentation or omission of material facts in the application.
If a claim is submitted during this time, the insurer might:
- Approve the claim if all information aligns with the policy terms
- Deny the claim due to misrepresentation or undisclosed health conditions
- Delay processing to conduct a thorough investigation.
If you find yourself in this situation, don’t hesitate to reach out for assistance. We can guide you through the process and help you advocate for your claim effectively.
Can life insurance benefits be taxed?
Generally, life insurance payouts are not taxable – especially when they are going to a dependent. However, there can be exceptions.Â
Real cases, real results
The compensation claim process: Your journey with GMP Law
Initial consultation
Evidence gathering
Claim submission
Negotiation
Court representation
Ongoing support
Our promise to you
Why trust GMP Law with your life insurance dispute claim?
At GMP Law, we handle your claim so you can concentrate on what matters most: your recovery.
We commit to
Clear, straightforward communication
Regular updates on your case as it progresses
A personal injury lawyer who understands your unique situation
Vigorous negotiation to maximise your compensation
Empathetic support throughout your journey
Specialised knowledge
Our accredited personal injury lawyers have years of experience in accident injury claims, giving us deep insight into the nuances of these claims.
Proven track record
Difficult case policy
Australia-wide assistance
With lawyers across the country, we’re here to help, wherever you are.
Meet the compensation claim team
Meet some of the diverse and dynamic compensation lawyers who support our clients with their claims.
We're here to help maximise your compensation
Book your free, confidential consultation with one of our compensation lawyers using the form below, or simply call us 1800 004 878.
