When we purchase life insurance, we pay the required premiums with the expectation that our loved ones will be provided for in the event of our passing. Unfortunately, some insurance companies do not keep their end of the bargain. When an insurer wrongfully refuses to pay benefits, offers only reduced benefits or delays payment of benefits, this is known as bad faith. Often life insurance carriers will attempt to retroactively cancel a policy. The insurer may comb through the policyholder’s application, seeking some reason to deny coverage despite having collected premiums on the policy for many years.

When a life insurance company acts in bad faith, the decedent’s loved ones may be entitled to several types of damages. These include compensation for financial and other losses, interest, attorney fees, court costs and in some cases, punitive damages. Because bad faith can be difficult to prove and insurance companies have attorneys working hard to minimize their payouts, you need an experienced trial lawyer who will work just as hard to protect your interests. Our dedicated insurance attorneys can help you secure all of the compensation to which you may be entitled. Your insurance company is obligated to honor your insurance contract; when the insurer fails to do that, we can help.

At Feldman Shepherd, we are committed to helping our clients throughout Pennsylvania and New Jersey obtain the best possible recovery as expeditiously as possible. We are here to serve you with hard work, attention to detail and a caring approach tailored to your individual needs. If we may be of assistance to you, please do not hesitate to contact us today.