Thousands of life-insurance claims denied after death
By Lisa Girion and Sandra Poindexter
LOS ANGELES, Nov. 29, 2010 (McClatchy-Tribune News Service delivered by Newstex) -- American General Life Insurance Co. markets its policies as protection for "the hopes and dreams of American families" _ a promise Ian Weissberger took to heart during his losing battle with Lou Gehrig's disease.
But after the Cathedral City, Calif., mortgage broker died in 2005, American General cancelled his life insurance policy and refused to pay his widow the $250,000 benefit.
The Weissbergers' premiums were paid up. There was no foul play suspected. There was no question Sheila Weissberger was the widow and sole beneficiary. And Ian's illness was diagnosed months after he took out the policy.
The problem, the insurer told Sheila Weissberger, was that Ian's application for coverage was incomplete.
(More here.)
LOS ANGELES, Nov. 29, 2010 (McClatchy-Tribune News Service delivered by Newstex) -- American General Life Insurance Co. markets its policies as protection for "the hopes and dreams of American families" _ a promise Ian Weissberger took to heart during his losing battle with Lou Gehrig's disease.
But after the Cathedral City, Calif., mortgage broker died in 2005, American General cancelled his life insurance policy and refused to pay his widow the $250,000 benefit.
The Weissbergers' premiums were paid up. There was no foul play suspected. There was no question Sheila Weissberger was the widow and sole beneficiary. And Ian's illness was diagnosed months after he took out the policy.
The problem, the insurer told Sheila Weissberger, was that Ian's application for coverage was incomplete.
(More here.)
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