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Was Your Life Insurance Claim Wrongfully Denied by Principal?

Gianelli & Morris is here to fight for the benefits you deserve!

Principal Financial Group is a massive global investment management, financial services, and insurance company. Headquartered out of Iowa, Principal is a Fortune 500 company generating more than $14 billion in revenue every year and managing more than $710 billion in assets. Their insurance wing provides term and universal life insurance coverage across the country.

Like most major corporations, Principal cares about one thing over all else: profit. They are not a mom-and-pop insurance company, eager to help the little guy protect his family. When you file a life insurance claim with Principal, they might look for any reason they can find to reduce your compensation or deny your claim outright, sometimes including reasons of doubtful legitimacy. If Principal drags their feet investigating your claim, if they try to misstate your policy or the facts in the record, or if they otherwise wrongfully deny your claim, you could be eligible to collect not only the life insurance proceeds your family paid for–you may also be entitled to additional damage for insurance bad faith.

If your Principal insurance claim was wrongfully denied, or if your claims were rejected by any other life insurance company in California, we’re ready to hear from you. The Southern California life insurance claim denial attorneys at Gianelli & Morris are ready to get you the compensation, and the justice, that you deserve.

Principal’s Justifications for Denying Claims

At Gianelli & Morris, our seasoned life insurance denial legal team has dealt with insurance companies improperly denying claims for years. Regardless of the reason claimed for denial, you have the right to fight back. They are counting on you taking their denial at face value, but you do not have to, and you should not do so. We’ll investigate your claim and help you push back against Principal’s pretextual or inaccurate justification for denying your life insurance claims, including:

  • Policy lapse due to nonpayment of premiums
  • Policy rescission due to misstatements in the application
  • Excluded cause of death
  • Lack of medical evidence supporting the claim for benefits

What if Principal Acted in Bad Faith?

Insurance companies like Principal have a legal duty to treat their customers fairly. They cannot engage in lies or deceptive practices aimed at denying you the benefits you are owed. If you have reason to suspect that Principal has been engaging in bad faith conduct, a seasoned bad faith insurance attorney at Gianelli & Morris can help you.

Some of the common bad-faith acts committed by large life insurance companies include:

  • Denying claims without justification
  • Deliberately misconstruing the policy language in their negotiations or in their claim denial
  • Unjustifiably dragging out the claim investigation process
  • Delaying payment of your benefits
  • Refusing to make a reasonable settlement offer
  • Misleading you about your legal rights, such as the right to hire a lawyer
  • Misrepresenting the facts in the record, such as the cause of death

If Principal has committed these acts or any other bad faith conduct during your claims process, you have the right to fight back. The insurance bad faith legal team at Gianelli & Morris can help you get the benefits you are owed, as well as additional consequential damages such as emotional distress, economic harm, attorney’s fees, and even punitive damages. Call our insurance bad faith legal team today to evaluate your case and find out if you have a substantial claim for damages.

Call Gianelli & Morris if Principal Financial Wrongfully Denied Your Life Insurance Claim

If someone you love has passed away and your life insurance claim has been denied by Principal or any other California life insurance provider, contact the seasoned, zealous Los Angeles insurance denial lawyers Gianelli & Morris for a no-cost evaluation of your claim at 213-489-1600.

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