COVID-19 Life Insurance Claims Pre-Litigation

Summary

This practice note addresses pre-litigation insurance considerations related to the COVID-19 pandemic on life insurance. The application, policy issuance, and claims processes are addressed which may lead to litigation in a COVID-19 context. An overview of life insurance, life insurance terminology, are also discussed. The practice note further addresses disputes involving life insurance, the principles of life insurance, fundamental parts of the policy, requirements that the best interests of the prospective policyholder be considered in a life insurance sales transaction, claims, and even financial and solvency considerations that attend varieties of permanent life insurance in the wake of COVID-19.