Life Insurance Disputes Attorney in San Diego, CA

Life Insurance Disputes Overview

Life insurance products are so confusing and complicated that most people have no idea what they are really getting. Lendrum Law Firm in San Diego, California, helps victims of life insurance scams and frauds recover losses and rescind policies sold wrongfully or deceptively. If you suspect that you have been solicited for or have been sold life insurance in an inappropriate manner or that you cannot afford, you should contact an attorney who is familiar with fraudulent insurance activities right away.

At Lendrum Law Firm, attorney Jeffrey Lendrum can help you find a solution. Since 1988, Mr. Lendrum has been helping people recover losses and rescind life insurance policies they never wanted or were misled into purchasing. The benefits of these policies sound good at first, but the premiums are often adjustable, tax consequences are expensive and hidden fees and charges can substantially reduce the benefits of insurance and can add on stress and financial strain.

The policies known as whole life insurance, universal life insurance, flexible premium life insurance, variable life insurance or adjustable life insurance are often sold by agents as a means of receiving "tax free income" for life. In many instances, people are convinced to take savings or equity from their home and purchase life insurance as a "retirement plan", otherwise known as the Missed Fortune Plan. When this occurs, people often do not understand and are not informed of possible significant adverse tax consequences associated with the Missed Fortune Plan or that distributions from life insurance policies are often loans subject to interest charges.

There are often less expensive and more cost efficient ways to obtain life insurance with fewer risks. Even if an agent promises guaranteed benefits, it is important to realize that these benefits may lapse if premiums are not consistently paid in a timely manner.

Insurance agents may also have the same fiduciary duties as financial advisors, which means they must put full disclosure ahead of their own interests.

If you suspect you have been sold life insurance by means of wrongful conduct or the policy you purchased is not what you were promised, contact Lendrum Law Firm immediately.

You have options, and Lendrum Law Firm can help you pursue damages and losses from insurance scams and frauds with a strategy that is appropriate and effective for your situation. Call the law firm today to schedule a free initial consultation at 619-573-6903.

Other Frequent Case Types

• Investment Fraud in San Diego, CA
• Off the Clock Work in San Diego, CA
• Real Estate Failure to Disclose in San Diego, CA

Areas of Practice

• Life Insurance Disputes and Fraud
• Insurance Law