Contract Law. In Florida, life insurance is a state-regulated contract. An insurer agrees to pay a specified amount of money to named beneficiaries upon the death of the insured. Life insurance is governed by general contract law and the Florida Insurance Code.
TITLE I, CONSTRUCTION OF STATUTES, Ch.1-2. TITLE II, STATE . Part III: LIFE INSURANCE AND ANNUITY CONTRACTS (ss. 627.451-627.482)
(3) Subsection (2) applies to the following assets in which a resident of this state has an interest at the time of the resident's death: (a) A life insurance policy,
Recently, a law was passed in Florida aimed at helping ensure beneficiaries of life insurance policies get benefits they are entitled to in a timely manner after policyholders pass away. Sometimes, a beneficiary makes a claim for life insurance benefits after a policyholder's death, but their claim is denied.
Beneficiary: The person entitled to the proceeds of a life insurance policy upon the insured's death. Free Look Period: An unconditional refund for a period of at least 14 days once the life insurance contract is delivered. The free look period for a life insurance policy issued before 1/1/2009 was 10 days.
Miami life insurance claims lawyer J.P. Gonzalez-Sirgo can be reached at his direct line, Miami and Florida Statute 732.703 Attorney J.P. Gonzalez-Sirgo.
Inheritance Law > How to Claim Life Insurance in Your State > Florida Whether the decedent owned any life insurance; Who the beneficiaries are for those
The State of Florida offers group term life insurance to eligible employees and their dependents. To learn more about the group term life insurance plan and
Are you a beneficiary of a Florida life insurance policy who has been facing a claim denial or delayed payment? Contact Life Insurance Law today for help!
In today's world the dominant estate planning tool for most of us isn't a will or trust , it's life insurance or some other pay-on-death financial