July 3rd, 2017
Life insurance companies are no different than auto insurance companies in the fact that they make their money by taking in more premiums than they pay out. Depending on the product and the health of the individual, they stand to make a healthy profit over the course of the policy. There’s nothing wrong with that—as long as the terms agreed upon are upheld by both parties. That is definitely not the case with life insurance company fraud.
If you’ve secured a life insurance policy, it is your responsibility to pay the premiums on time without fail. It is the insurance company’s responsibility to provide coverage you at the premium amount you agreed upon. However, some life insurance companies are trying to increase premiums on unsuspecting policyholders, leaving them with one of two options: cancel the policy and lose their benefits, or pay the inflated premiums for the exact same policy. If that doesn’t seem right to you, it’s because it isn’t.
If your life insurance company is trying to inflate your premiums, call us today for a free consultation. You have rights as a policyholder, and our Nashville life insurance company fraud attorneys are ready to stand up for those rights. Don’t let the insurance company take advantage of you and your family. Call us today for your no cost, no obligation consultation.
April 28th, 2017
Physical exams. Medical histories. Interviews. Those are just a few of the hoops you must jump through to secure life insurance. The reason life insurance companies are so thorough when accessing eligibility has everything to do with their bottom line. They want to invest in healthy folks so they can collect premiums for years without paying out a dime. Can’t fault them for that. It’s just good business. But we can fault them for raising premiums out of the blue for the exact same policy. We call that life insurance company fraud.
Part of the process for securing life insurance is the quote. The insurance company agrees to offer you significant death benefits in exchange for an agreed upon premium payment every month, quarter, or year. As long as you keep up your side of the bargain, they will keep up theirs. Unfortunately, some life insurance companies in Tennessee have recently informed policyholders that their premiums are skyrocketing, leaving them with two choices: pay the inflated premiums or cancel the policy.
If that’s happened to you, the life insurance company fraud attorneys at Ponce Law want to speak with you immediately. We know your rights as a policyholder, and we’ll do everything within our power to make sure the insurance company lives up to their end of the bargain. Don’t let the insurance company take advantage of you and your family. Contact us today.
March 1st, 2017
We wrote earlier this week about the importance of setting your family up financially once you pass on by securing a life insurance policy now. There’s simply no better way for the average American to ensure their family will be taken care of in the event of their death than planning ahead for their financial needs while you still can. Unfortunately, even for those who plan ahead, it still might not be enough.
In Nashville, we’ve seen an increase over the past several years of life insurance company fraud. If you’re unfamiliar with the term, count yourself among millions of Americans across the country. It’s a type of fraud we hope you never have to experience firsthand, but if you have a life insurance policy, it could become your reality.
Here’s how it often works. You purchase a life insurance policy, agreeing to pay certain premium amounts for a guaranteed death benefit for your family. Then one day you receive notice that those agreed-upon premiums are going up, leaving you with a couple options. Either pay the inflated premiums for the exact same policy or cancel your policy and leave you family vulnerable upon your death.
At Ponce Law, we’re committed to helping people in your situation by holding the insurance companies accountable for their obligation to your family. If you’ve been the victim of life insurance company fraud, contact us immediately for a free consultation. You have rights as a policyholder and we’re ready to defend them. Contact us today.
February 3rd, 2017
Life insurance is one of the best types of security you can buy for your family. Having that safety net in place for your family in the event of your death does more than provide for their financial needs once you’re gone; it demonstrates your loving concern for their futures. However, the process for securing life insurance can be daunting, with medical exams and mountains of paperwork, but the end result is well worth the trouble—that is if your insurance company holds up their end of the bargain. Some Nashville policyholders are discovering they trusted the wrong insurance company.
If you’ve paid your life insurance premiums on time, without fail and you receive a notice informing you that those premiums are going up, you may be the victim of life insurance company fraud. Your options are pretty limited on your own. You can either pay the inflated premiums for the exact same policy or you can cancel the policy and forfeit the death benefit you’ve paid into for so long. To be frank, both options stink. Thankfully, you don’t have to go it alone. At Ponce Law, we fight on behalf of life insurance company fraud victims to ensure your rights as a policyholder are protected.
If you’ve received notice that your life insurance premiums are skyrocketing, give us a call today for a free consultation. Don’t let the greedy insurance company take advantage of you and your family. Contact us today.
December 14th, 2016
Securing a life insurance policy isn’t as simple as calling up an insurance company and signing a form. It requires a great deal of work on behalf of the policyholder to qualify, including extensive paperwork and medical exams. It’s all worth it when approved, as it provides peace of mind knowing your family will be taken care of if anything should happen to you. Unfortunately for some Tennessee life insurance policyholders, that peace of mind is short lived.
In recent years, we’ve seen an increase in life insurance company fraud in Tennessee. If you’re unfamiliar with the scam, here’s how it works. You purchase a life insurance policy for an agreed-upon monthly premium. You pay those premiums on time to keep the policy in good standing. Then one day you receive a notice in the mail that your premiums are going up, forcing you to either pay the inflated premiums for the exact same policy or forfeit your policy altogether. It’s plain and simple fraud, and we won’t stand for it.
If you or someone you love has been the victim of life insurance company fraud, give us a call immediately for a free consultation. We know how to hold the insurance company accountable, and we’ll fight to get you the justice you deserve. Protect your policy and your family by calling Ponce Law today.
October 28th, 2016
As personal injury lawyers, we often find ourselves negotiating large settlements on behalf of our clients. In each instance, we’re working hard to get them maximum compensation from the insurance company for their injuries, and over the years, we’ve been extremely successful in that pursuit.
In addition to helping folks get what’s fair, we also help Nashvillians protect their hard-earned money from greedy insurance companies. Less than a year ago, we started hearing stories of life insurance companies committing fraud against their policyholders, so we started investigating. Sure enough, we’ve spoken with several victims who have fallen prey to life insurance company fraud.
Here’s how it works. You buy into a life insurance policy, pay your premiums on time, and keep the policy in good standing. Then, out of the blue, you receive a notice that your premiums, which you assumed were fixed, are skyrocketing. You either pay the inflated premiums for the exact same policy or you cancel the policy, wiping out the accumulated savings.
If this has happened to you, call our Nashville life insurance company fraud attorneys today for a free consultation. We’ll stand up to the insurance company so they know they can’t take advantage of you and your family. We’re ready to help, so contact us today.
September 9th, 2016
Life insurance can be a lifesaver for a surviving family. From medical expenses to the loss of an income, having funds available at a loved one’s death can make all the difference in a family’s ability to move on. That’s why millions of Americans secure life insurance policies every single year. They want the peace of mind that comes from knowing that their loved ones will be taken care of in the event of their death.
However, many are at risk of losing their life insurance policies due to skyrocketing premiums. They can either pay the inflated premiums for the exact same policy or cancel the policy altogether, leaving their families unprotected. Neither is a viable option, which is why many are going with a third option: calling a lawyer. At Ponce Law, we’re one of a few firms in Nashville who handle life insurance company fraud cases. When a life insurance company tries to hold a policy ransom with skyrocketing premiums, we fight back on behalf of the policyholder.
If you’ve received notice that your life insurance premiums are going up unexpectedly, call our Nashville life insurance company fraud attorneys today for a free consultation. You have rights as a policyholder, and we’ll do everything within our power to protect those rights. Don’t wait to get the help you need. Call us today.
June 29th, 2016
We buy life insurance policies for one reason: to protect our family’s financial future in the event of our death. We need to know that our loved ones will be taken care of after we’re gone, and life insurance policies are designed to provide that peace of mind. Unfortunately, some insurance companies are taking advantage of Nashville policyholders who have paid premiums for years. They do so by significantly increasing premium amounts out of the blue, leaving policyholders with one of three options:
- Cancel the policy.
- Pay the increased premiums for the exact same policy.
- Wipe out the accumulated funds.
None of these options allow you to provide for your family long-term, leaving you back at square one. Fortunately, there’s a fourth option: call a lawyer. At Ponce Law, we stand up to life insurance companies that think they can take advantage of Nashville policyholders with skyrocketing premiums. It’s called life insurance fraud, and we won’t let them get away with it.
If you’ve received notice that your universal life insurance premiums are going up, call our Nashville life insurance fraud lawyers today for a free consultation. You may be entitled to significant compensation for an insurance company’s wrongdoing, and we’ll fight to get it for you.
April 25th, 2016
We all want the best for our families. We provide and care for them the best we can throughout our lives, and we want to do the same in death. That’s why many of us secured life insurance policies to begin with, because we wanted a guarantee that after we’re gone, our loved ones will be taken care of. So it can be shock to learn that your premiums are doubling, or even tripling, for no apparent reason.
That’s the reality for many Tennesseans. They faithfully pay into a life insurance policy for years only to receive a letter one day that informs them their premiums are skyrocketing, leaving them with only three options:
- Cancel the policy altogether.
- Pay the inflated premiums for the exact same policy.
- Wipe out the life insurance policy savings you’ve accumulated.
For someone who just wanted to provide for their family, none of those options are appealing. Luckily, there’s a fourth option: call a lawyer. If your premiums are substantially increasing after years of paying into the policy, you could be the victim of insurance fraud. Our Nashville insurance fraud attorneys may be able to help. We know how to deal with insurance companies that take advantage of their customers, and we’ll put that experience to work for you.