Insurance Policies at Prudential Financial, Inc.
Our Prudential Insurance Lawyers Can Give You the Help You Need
Insurance protects the next-most important concern after a person’s health: their (and their loved ones') financial stability.
For many people, especially families, a severe injury can threaten their way of life by reducing how much a person can earn. The loss of a loved one can threaten their financial stability at a time that they're already dealing with too much. Insurance provides support so they can face a more stable future.
Prudential Financial, Inc. is one of the biggest insurance companies in the United States. When it was created in 1875, Prudential was one of the first insurance companies to offer policies specifically to industrial workers and the newly-forming "middle class." Their first policies offered only burial expenses, a testament to the ever-present danger of industrial work in the late 19th century. Only a decade later, Prudential had sold one million policies in the New Jersey, New York, and Pennsylvania areas.
Recently, Prudential was sued by the bereaved families of fallen soldiers for not paying life insurance benefits. Rather than provide full payouts, the company would place benefits into a Prudential corporate account, called a "retained asset account." When families would ask for the full amount, they would often face delays, if they received anything at all. The suit was eventually settled for $40 million to avoid litigation.
If you are being kept from benefits that are rightfully yours by Prudential Financial, Inc., contact the insurance claim attorneys at Arnold & Itkin. Give us a call today at (888) 493-1629.
Having Trouble Getting Your Insurance Payment?
Insurance is crucial for individuals and families, but unfortunately, getting payments can be a challenge. Underwriters, or those who write your policy, are hired to manage risk and protect their assets. They will sometimes add exclusions to your agreement, shorten the time that benefits will apply, or even lessen the outright amount of benefits. However, insurance companies are required by law to act in good faith.
Practically, this makes it illegal for your insurance company to:
- Delay payment for any reason
- Pay less than the agreed-upon amount
- Withhold payment without providing a legal justification
All that is assuming you are accepted for insurance in the first place. If you are accepted, many contracts include the right to cancel coverage within two years of signing. Such a significant time window offers an unjust way of refusing coverage to someone who deserves it.
Arnold & Itkin Resolves Insurance Claims. Call (888) 493-1629 Today!
If any of the above difficulties are keeping you from receiving disability payments, call our firm at (888) 493-1629. Insurance companies should be trustworthy. Our Prudential insurance lawyers have the experience to hold them accountable to their actions. We have won billions for injured clients, reaching settlements and verdicts in the millions of dollars for wronged clients. If any part of your policy was violated, reach out to our firm.
Do you think you might have a claim? Fill out our online form so we can give you a free case evaluation.