Metlife Claim “Terminations” Are on the Rise
Metropolitan Life Insurance Company — “Metlife” — is becoming more of a player in the disability insurance arena. The problem is that by using the word “player” we don’t mean just selling more disability insurance policies, we mean more active in denying, terminating, and litigating disability claims.
Disability insurers will often approve a claim after a brief initial investigation, but then later cut off the monthly benefits (a claim “termination”). There are several possible reasons for an “approve and then terminate” scenario, and often the insurer’s reasons appear to be business / profit-motive related.
When a termination happens, the insurer gets to grab a pool of money that had been set aside for a particular claim. That pool of money is known as a claim reserve. If the company, such as Metlife, grabs the reserve money and then books it as profit, it can justify spending some money on legal fees toward a fight in court and hope that it can settle the case later date. Once a lawsuit is filed, however, Metlife needs (by state law) to set aside a new reserve. In such a scenario, Metlife is simply kicking the can down the road but also hoping that the disabled person will not sue, or, if he /she does, will not hire the right law firm and put up a good fight.
Quadrino Schwartz is one the nation’s leading law firms handling disability insurance clams and lawsuits. If you or someone you know finds themselves on the wrong end of a Metlife claim denial or termination, contact us for a free claim evaluation by calling 1-800-745-1755 or by filing out a quick and simple form at http://www.disabilityinsurancelawyers.com/contact/ .