Life Insurance

Chicago Life Insurance Lawyers Protecting Your Right to Settle Your Life Insurance Claim

Serving plaintiffs throughout Illinois who are in a dispute with a life insurance company

Purchasing a life insurance policy usually feels like the responsible thing to do when you have others who depend on the income that you provide for their livelihood. You blithely assume that when the day comes, your loved ones will be provided for from the proceeds of the policy, but what you do not understand is that the insurance company may make it difficult for your heirs to collect their share of the payout by delaying payment or denying the claim altogether.

The Chicago life insurance dispute attorneys at Gainsberg Law have more than 20 years of experience representing clients who find themselves entangled in a dispute over the proceeds of a life insurance policy. We understand the emotional turmoil that clients experience when a loved one passes away, so we take on the legal challenge and get results while you grieve and handle everything else in your life.

The following are some of the life insurance companies that serve the Chicago area that our clients have had policies with:

  • Penn Mutual Life Insurance
  • Nationwide Insurance
  • Uni Care Life & Health Insurance
  • National Life Insurance
  • Old Republic Life Insurance
  • Fidelity Life Association
  • Federal Life Insurance Company

What is life insurance?

The purpose of life insurance, per the folks at Investopedia, is to provide a measure of financial security for your family after you die. That financial security is in the form of a contract between the policy holder and the insurance company to transfer the financial risk of a premature death to the insurance company for an agreed-upon premium. The three aspects of a life insurance contract are:

  • The death benefit
  • The payment of the premium
  • Cash value account (in cases of permanent life insurance policies)

What is life insurance used for?

The proceeds of a life insurance policy are used to cover items such as the deceased final medical expenses and funeral costs, but the money is also used to cover living expenses for the beneficiaries of the policy.

Life insurance premiums

A premium is the amount that the insured person pays to the insurance company in exchange for the death benefit when the insured dies. The price of the premium has many variables such as:

  • Age of the insured
  • Personal and family medical history
  • Lifestyle

How much a person pays for life insurance is dependent on these and other factors. For example, a young male who is single, travels a lot and collects (and drives) race cars would likely have a much higher premium for life insurance than a mom who works from home and cares for a small child.

What are the different types of life insurance policies?

The Insurance Information Institute says that there are two principal types of life insurance–term and whole life. Whole life is also called permanent life insurance which has several sub-categories. Term insurance is a bit simpler as it pays only if the death occurs during the term of the policy. There are two variations of term life insurance–level term and decreasing term. As the name implies, the death benefit for a level term policy remains the same throughout the length of the policy, while the death benefit decreases over the length of the policy.

Life insurance claim disputes

Sometimes, when the insured passes away, the beneficiaries of their life insurance policy are unable to collect the proceeds because the insurance company delays or denies payment on the policy. The insurance company’s first motive is to make a profit. If they approve every claim it might put those profits in jeopardy. Some beneficiaries whose life insurance claims are denied simply give up and do not pursue it thinking that they are powerless against a big insurance company. The Chicago life insurance dispute attorneys at Gainsberg Law are prepared to force the insurance company to abide by the terms of the contract that you both agreed to.

Delay of the payment for life insurance

Most insurance companies honor their end of the contract and pay claims promptly and in full. Other companies may choose to delay payment of your claim for various reasons. If you know that your claim is legitimate, and the insurance adjuster is stalling and failing to return your phone calls, you may want to have a conversation with a life insurance dispute lawyer about filing an insurance bad faith claim. That might get the insurance company’s attention.

Life insurance claim denial

If the insurance company denies your claim, an experienced life insurance dispute attorney can review the policy documents and denial letters to determine why they chose to deny your claim. There is the option to negotiate a settlement with the insurer, or bring a lawsuit against the company if necessary.

My life insurance claim has been contested. What do I do now?

Your first step is to schedule a consultation with a skilled life insurance dispute lawyer. Interestingly, when you hire a lawyer you may notice the tone of the communications with the insurance company changing. You can feel confident when you have an attorney on your side who has intimate knowledge of all the shady tactics that insurance companies often engage in so that they can separate claimants from their money.

Contact a skilled Chicago life insurance dispute lawyer to discuss your case today

At Gainsberg Law, our Chicago life insurance represent beneficiaries who are being mistreated by an insurance company. Whether your claim is being delayed or it has been denied, our experienced lawyers will hold the insurance company accountable to the terms of the policy and we fight for your legal rights under your policy. You may contact us at 312-313-1621 or through our contact form to get answers now.

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Our Testimonials

N.S., D.S., Chicago, IL

"Neal Gainsberg was our lawyer in a car accident case. We were both injured in addition to our 16 month old daughter. Even though the other driver ran the red light and we had witnesses of her illegal conduct, her insurance company at first denied our claim and said it was our fault. We hired Neal and he fought the insurance company hard. Without having to go to court, he was able to convince the insurance company that it was their driver’s fault. Neal got a great settlement for us and our child within three months of the accident. We were very happy with Neal, he kept us informed about everything, and eased our stress from the accident. If you want an excellent car accident attorney, you need to hire Neal!"

N.S., D.S., Chicago, IL

2016-11-21T19:33:43+00:00

N.S., D.S., Chicago, IL

"Neal Gainsberg was our lawyer in a car accident case. We were both injured in addition to our 16 month old daughter. Even though the other driver ran the red light and we had witnesses of her illegal conduct, her insurance company at first denied our claim and said it was our fault. We hired Neal and he fought the insurance company hard. Without having to go to court, he was able to convince the insurance company that it was their driver’s fault. Neal got a great settlement for us and our child within three months of the accident. We were very happy with Neal, he kept us informed about everything, and eased our stress from the accident. If you want an excellent car accident attorney, you need to hire Neal!"

J.O., Indiana

"Neal Gainsberg at first represented me in a Chapter 13 Bankruptcy case. He explained everything to me and developed a payment plan that I could afford. Whenever I had any questions, Neal responded quickly to any emails or phone calls. Unfortunately, I lost income during my plan, and Neal recommended that I convert the case to a Chapter 7 case. Despite my worries about my finances, Neal made everything easy for me, converted the case, and made sure that I received a fresh start. Neal was very knowledgeable about bankruptcy law, and I highly recommend him as a bankruptcy lawyer."

J.O., Indiana

2016-11-21T16:42:07+00:00

J.O., Indiana

"Neal Gainsberg at first represented me in a Chapter 13 Bankruptcy case. He explained everything to me and developed a payment plan that I could afford. Whenever I had any questions, Neal responded quickly to any emails or phone calls. Unfortunately, I lost income during my plan, and Neal recommended that I convert the case to a Chapter 7 case. Despite my worries about my finances, Neal made everything easy for me, converted the case, and made sure that I received a fresh start. Neal was very knowledgeable about bankruptcy law, and I highly recommend him as a bankruptcy lawyer."

L.S., Chicago, IL

"Neal Gainsberg was an excellent attorney. He explained everything to me and made the process very easy. He was available to answer any questions and provided the help and representation that I needed. I would use Neal again if I had another legal issue. I urge anyone who is looking for a lawyer to call Neal."

L.S., Chicago, IL

2016-11-21T19:24:30+00:00

L.S., Chicago, IL

"Neal Gainsberg was an excellent attorney. He explained everything to me and made the process very easy. He was available to answer any questions and provided the help and representation that I needed. I would use Neal again if I had another legal issue. I urge anyone who is looking for a lawyer to call Neal."

J.T., Chicago, IL

"Neal Gainsberg was a great lawyer. He represented me at a small claims trial and obtained a great result. Neal was there for me and answered all my questions even though my case was not that large."

J.T., Chicago, IL

2016-11-21T19:21:23+00:00

J.T., Chicago, IL

"Neal Gainsberg was a great lawyer. He represented me at a small claims trial and obtained a great result. Neal was there for me and answered all my questions even though my case was not that large."

M.T.G., Chicago, IL

"Neal Gainsberg took my personal injury claim against large store after I fell on water and injured my knee and back. The store employees disputed that anything happened and the manager accused me and my son, who witnessed the fall, of making it up. Neal brought a lawsuit against the store, took several depositions of the store employees, and obtained a great settlement for me and my family. Neal fought hard on my case, and I was very pleased with the results."

M.T.G., Chicago, IL

2016-11-21T19:18:57+00:00

M.T.G., Chicago, IL

"Neal Gainsberg took my personal injury claim against large store after I fell on water and injured my knee and back. The store employees disputed that anything happened and the manager accused me and my son, who witnessed the fall, of making it up. Neal brought a lawsuit against the store, took several depositions of the store employees, and obtained a great settlement for me and my family. Neal fought hard on my case, and I was very pleased with the results."

L.G., Chicago, IL

"Neal Gainsberg helped me obtain long-term disability benefits. The insurance company denied my claim and cutoff my benefits even though I was set for surgery and there was no way I could work. Neal collected my medical records and letters from my doctors and had my benefits reinstated. I have had no issues with the insurance company once I hired Neal."

L.G., Chicago, IL

2016-11-21T19:19:37+00:00

L.G., Chicago, IL

"Neal Gainsberg helped me obtain long-term disability benefits. The insurance company denied my claim and cutoff my benefits even though I was set for surgery and there was no way I could work. Neal collected my medical records and letters from my doctors and had my benefits reinstated. I have had no issues with the insurance company once I hired Neal."

V.S.G. and M.G., Richton Park, IL

"Neal is a great attorney. He helped us with several legal issues, including obtaining a large settlement for us following a car accident. He worked very hard on our case from the start, answered all our phone calls and questions, and kept us continually updated. Since then, we have used Neal for other civil matters. We have known Neal for over 13 years, and call him whenever we have a legal question. We know Neal will be there to help us."

V.S.G. and M.G., Richton Park, IL

2016-11-21T19:25:43+00:00

V.S.G. and M.G., Richton Park, IL

"Neal is a great attorney. He helped us with several legal issues, including obtaining a large settlement for us following a car accident. He worked very hard on our case from the start, answered all our phone calls and questions, and kept us continually updated. Since then, we have used Neal for other civil matters. We have known Neal for over 13 years, and call him whenever we have a legal question. We know Neal will be there to help us."

E.S., Chicago, IL

"Neal Gainsberg represented me in my Chapter 13 case. He knew all the details about bankruptcy and my case, explained everything to me in the beginning, made every issue easy to understand, and provided the help I needed during the five years of the plan. As a result of Neal’s legal assistance, I was able to make all my plan payments and get a fresh start. I highly recommend that anyone considering bankruptcy to give Neal a call."

E.S., Chicago, IL

2016-11-21T19:22:30+00:00

E.S., Chicago, IL

"Neal Gainsberg represented me in my Chapter 13 case. He knew all the details about bankruptcy and my case, explained everything to me in the beginning, made every issue easy to understand, and provided the help I needed during the five years of the plan. As a result of Neal’s legal assistance, I was able to make all my plan payments and get a fresh start. I highly recommend that anyone considering bankruptcy to give Neal a call."

M.S., Chicago, IL

"Neal Gainsberg represented me in a personal injury case after a vehicle struck a motorcycle that I was riding on. Neal made sure I understood my rights as an injured party, and that I was receiving the proper medical attention. He did a great job in negotiating a settlement with the insurance company and making sure all my medical bills were paid and that I was compensated for my injuries and loss time at work. I recommend Neal as a lawyer to anyone who unfortunately is injured in an accident."

M.S., Chicago, IL

2016-11-21T16:41:13+00:00

M.S., Chicago, IL

"Neal Gainsberg represented me in a personal injury case after a vehicle struck a motorcycle that I was riding on. Neal made sure I understood my rights as an injured party, and that I was receiving the proper medical attention. He did a great job in negotiating a settlement with the insurance company and making sure all my medical bills were paid and that I was compensated for my injuries and loss time at work. I recommend Neal as a lawyer to anyone who unfortunately is injured in an accident."

K.R., Chicago, IL

"After my former lawyer refused to continue with my auto accident case, Neal Gainsberg took over the case, and he was able to obtain a settlement for the other driver’s policy limits. He was actively involved in my case, returned all my calls, and explained any issue that I had during the case. After I spoke with Neal, he was able to resolve any problems or issues. Neal provided exceptional representation against the insurance company for the other driver. Since Neal settled my case, I have recommended him to my family members and friends. If you have a legal issue, you should call Neal and hire him to be your attorney."

K.R., Chicago, IL

2016-11-21T19:21:53+00:00

K.R., Chicago, IL

"After my former lawyer refused to continue with my auto accident case, Neal Gainsberg took over the case, and he was able to obtain a settlement for the other driver’s policy limits. He was actively involved in my case, returned all my calls, and explained any issue that I had during the case. After I spoke with Neal, he was able to resolve any problems or issues. Neal provided exceptional representation against the insurance company for the other driver. Since Neal settled my case, I have recommended him to my family members and friends. If you have a legal issue, you should call Neal and hire him to be your attorney."

R.P., Chicago, IL

"Neal Gainsberg is a smart and an aggressive lawyer. He did a great job on my case. He helped me with a money dispute with a former friend and obtained a judgment for me. Neal listened and paid attention to any question I had, answered my calls right away, and was there for me at every point during the case. He knew exactly what to do in court. If you are looking to get compensation, I highly recommend that you hire Neal."

R.P., Chicago, IL

2016-11-21T19:35:21+00:00

R.P., Chicago, IL

"Neal Gainsberg is a smart and an aggressive lawyer. He did a great job on my case. He helped me with a money dispute with a former friend and obtained a judgment for me. Neal listened and paid attention to any question I had, answered my calls right away, and was there for me at every point during the case. He knew exactly what to do in court. If you are looking to get compensation, I highly recommend that you hire Neal."
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