Financial institutions routinely offer insurance to consumers to protect against disability, death, or other calamity. Credit card companies, banks, mortgage companies, and other types of lenders offer consumers the opportunity to purchase credit disability insurance, credit life insurance, mortgage disability insurance, mortgage life insurance, accidental death insurance, and similar insurance products. These policies are purchased by responsible consumers who are trying to protect themselves and their families in the event of death, disability, or job loss. Consumers who purchase these policies pay premiums in advance so that if calamity strikes, they are able to meet their own financial obligations and to take care of their families.
The companies that sell these policies routinely deny claims and refuse to pay benefits owing under the policies. Insurance companies who sell these products often assert bogus reasons why they should not pay, and they hide behind unclear policy language and misrepresentations regarding coverage.