Life insurance is one of those things that seems an extravagance when you’re living paycheck to paycheck. Even though most premiums are reasonably cheap in comparison to other coverage, there are still a million other things you could be spending that money on every month. When you decide to commit to a life insurance policy, you do so with the understanding that your financial sacrifice now will provide for your family one day in the future. Unfortunately for many Norfolk policyholders, that financial sacrifice may have been in vain.
It’s called life insurance company fraud, and it’s a real problem for hardworking folks in our community. The insurance company sells you a life insurance policy with an agreed-upon premium to be paid every month. You keep the policy in good standing, never missing a payment. Then you receive a notice in the mail that your policy premiums are going up. You either pay the inflated premiums for the same policy or you cancel the policy, missing out on the future benefit you were promised.
At Lowell Stanley Injury Lawyers, we’ve been following this egregious tactic for more than a year. We know what your rights are as a policyholder, and we’ll fight to hold the life insurance company to their obligations. If you or someone you love has been the victim of life insurance company fraud, give us a call today for a free consultation. You have rights. Let us help protect them.