what legal course of action should my grandmother pursue towards life insurance company that sold her a policy under false pretense?

Get Legal Help Today

Compare Quotes From Top Companies and Save

secured lock Secured with SHA-256 Encryption

what legal course of action should my grandmother pursue towards life insurance company that sold her a policy under false pretense?

my grandmother paid fifty thousand dollars in one lump sum for a life insurance policy which was supposed to be worth 150 thousand dollars when she dies, she bought the policy because she was told that after that one lump sum she would not be required to pay any additional premiums now she is being told by insurance company that if she doesn’t pay premiums her policy will be cancelled and she will have absolutely nothing to show for her 50 thousand dollar investment, what can she do to get insurance company to honor original agreement or at the very least get back her 50 thousand dollars?

Asked on June 29, 2009 under Insurance Law, California

Answers:

M.T.G., Member, New York Bar / FreeAdvice Contributing Attorney

Answered 14 years ago | Contributor

First, you should file a complaint ASAP with the California Department of Insurance:   http://www.insurance.ca.gov/  .   Then you should seek legal help to see what type of charges can be brought.  You did not say if your Grandmother went through a broker, etc.  You should also contact the local District Attorney as well.  The State Insurance Department has a section just for Seniors but you check for Senior advocate groups in your area that may be able to help as well. Bring all your proof - policy, cancelled check, etc.  Good luck.


IMPORTANT NOTICE: The Answer(s) provided above are for general information only. The attorney providing the answer was not serving as the attorney for the person submitting the question or in any attorney-client relationship with such person. Laws may vary from state to state, and sometimes change. Tiny variations in the facts, or a fact not set forth in a question, often can change a legal outcome or an attorney's conclusion. Although AttorneyPages.com has verified the attorney was admitted to practice law in at least one jurisdiction, he or she may not be authorized to practice law in the jurisdiction referred to in the question, nor is he or she necessarily experienced in the area of the law involved. Unlike the information in the Answer(s) above, upon which you should NOT rely, for personal advice you can rely upon we suggest you retain an attorney to represent you.

Get Legal Help Today

Find the right lawyer for your legal issue.

secured lock Secured with SHA-256 Encryption