🤔🤔 Indiana life insurance CEO says deaths are up 40% among people ages 18-64
(www.thecentersquare.com)
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Here's the thing... Unless they specifically stipulated this they actually have no right to deny claims from a contractual point of view, and because of the government trying to forcefully mandate it that further removes attempts to deny claims.
Judges in court would not side with the life insurance companies under any circumstances because of those two points.
I wonder if there is such a clause in some of these policies…I think I will revisit mine just to be sure.
I agree that the coercion would be a mitigating factor in favour of the policyholder but it wouldn’t stop an insurance company from forcing the policyholder to litigate…some may walk away due to the legal costs.
Class action lawsuits nationwide would help to counter that though
Yes, for sure...they would definitely help.