Policyholder Information Company Overview Lincoln Memorial Life Insurance Company (Lincoln Memorial), Memorial Service Life Insurance Company (Memorial Service), and National Prearranged Services, Inc. (NPS) were placed in receivership in Texas on May 14, 2008. The liquidation order was finalized on October 22, 2008. Most of the insurance policies sold by Lincoln Memorial and Memorial Service are related to pre-need funeral contracts consumers purchased through NPS. Additional Resources Jo Ann Howard is the Special Deputy Receiver (SDR) for the three companies, and her office can be reached at info@LincolnMemorialLife.com. For policyholder inquiries, call 512.328.0075. Here are some links...
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Losing a loved one can be overwhelming. A life insurance policy is meant to provide the surviving family members with the financial support they need to move forward. The last thing someone coping with a loss should have to deal with is a life insurance dispute or denial. If you are faced with a life insurance dispute in the wake of a loved one’s passing, contact The Callahan Law Firm today for a free initial consultation with a Texas life insurance attorney. What Kinds of Life Insurance Issues Do We Handle? Life insurance claims can be complex in nature. Some of the life insurance claim issues we handle include: Insurance Beneficiary Disputes and Interpleaders: Sometimes, there is a...
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Life Insurance Life insurance is a simple answer to a very difficult question: How will my family manage financially when I die? It's a subject no one really wants to think about. But if someone depends on you financially, it's one you cannot avoid. We know you can’t put a dollar amount on your family, but you can ensure their future is protected. With life insurance, families can survive if the main earner passes away. Without it, the lack of financial support could very well put an abrupt halt to noble plans. College. Money to start a business. Even a home. And though costs are a real concern for most people considering life insurance, it never costs as much as you think. That...
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If you have a life insurance policy and you are going through a divorce, it may be easy to forget to remove his or her name from your policy afterward. In some states, this can have devastating effects if you pass away and your ex-spouse is still a beneficiary on your life insurance. Texas has special provisions, however, to ensure that your ex-spouse only receives the payout from your policy under certain circumstances. The divorce decree names your ex-spouse as a beneficiary During divorce proceedings, you may wish to keep your ex-spouse as a beneficiary on your life insurance for any number of reasons. You can include this request in your divorce decree and the eventual payout will...
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Life Insurance Texas Claim Denial Attorney When you are struggling to deal with the death of a loved one, one of the last things you want to do is fight with the life insurance company over a life insurance benefit. Your deceased loved one purchased life insurance to protect you or for your benefit in the event of his or her death. If the insurance company is delaying payment or has denied your claim, it is important to consult an experienced life insurance lawyer early on to learn about your rights and your options. At our law firm, we have been handling life insurance claim disputes for over twenty-five (25) years. Life insurance companies all too frequently refuse to pay life insurance...
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What Do Texans Find Most Important About Life Insurance? For many people, the answer to that question is “family.” It’s important to protect your family and provide for them. But ask yourself: What will happen to your family when you are gone? Good news, then: Cheap Life insurance quotes are easier to get than ever before, and life insurance itself is far more affordable than you ever imagined! Affordable Life Insurance Quotes in Texas Is this your first time getting information about life insurance? If so, you may be curious about how to get the process started. With Baja life insurance, the first step is to get life insurance quotes. How can you get life insurance quotes? At Baja, we make...
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People commonly obtain life-insurance policies and name their spouse as the beneficiary. They do not always remember to update the beneficiary designation when they get divorced. Under Texas law, designation of a spouse as beneficiary before a divorce will only remain effective after the divorce in certain circumstances. Generally, either the court or the insured must designate the former spouse as beneficiary, or the former spouse must be designated to receive the proceeds in trust for a child or dependent’s benefit. In a recent case, an ex-wife challenged a court awarding a life-insurance policy on the ex-husband to the ex-husband many years after the original divorce. Insurance Policy...
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Texas Group Life Insurance Texas Group Life Insurance is usually offered as part of your employees benefit package and covers an entire group of people. Policies are not based on an individual's lifestyle habits or health factors but the employees are grouped together and rates are based on the risk of the group as a whole. The coverage costs are usually much less than if the employee purchased an individual policy. The advantages to an employer offering Group Life insurance in Texas include Federal income-tax deductible premiums, fringe benefits to offer new employees and valuable life insurance protection provided at a low group rate. It also contributes to employee security, loyalty, and...
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The Voss Law Firm, P.C. provides free confidential consultations to all new Clients. Please feel free to call the number listed at the top of the page, or simply fill out the contact form here and one of our qualified life insurance claim lawyers will call you back within 30 minutes. For many people, a life insurance policy gives peace of mind that loved ones will be taken care of financially. However, some life insurance companies try to avoid large life insurance payouts by abusing and misusing contestability clauses in life insurance contracts. What Is A Contestability Clause? When a person purchases a life insurance policy, there is a two-year time window after the policy goes into...
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Not just anybody can be a beneficiary to a particular life insurance policy. The person must have an insurable interest. A 1894, Texas Supreme Court case styled, Cheeves v. Anders, makes clear that it is well settled that a life insurance beneficiary must have an insurable interest in the insured’s life. The basis for this rule is twofold: 1) no one should have a financial inducement to take the life of another; and 2) a life insurance policy for the benefit of one without an insurable interest is a wagering contract. (It should be pointed out there are legal ways to have a life insurance policy on another). In the 1998, case styled, Tamez v. Certain Underwriters at Lloyd’s,...
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