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/ .
This entry was posted under Articles. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
January 15th, 2012 at 8:26 am
I am on LTD with MetLife. I was approved thru 2014. I sent my medical info thru 10/11. My case manager told me that I didn’t need to send my medical info anymore for another year. I rec’d a letter yesterday, saying, “we are reviewing my claim for LTD. We need current medical info to complete their determination for benefit consideration.” Now, I am in the process of a divorce and his family sent me an email stating that they was going to turn me in… I need a lawyer as soon as possible.
March 2nd, 2012 at 3:17 am
This article was very nicely written, and it also is made up of numerous useful points. I appreciated your professional manner of composing this article. You’ve created it is simple for me to understand.
March 13th, 2012 at 6:56 am
Excellent website. Plenty of helpful info here. I am sending it to some pals ans additionally sharing in delicious. And naturally, thanks to your sweat!
April 15th, 2012 at 9:07 pm
Right here is the perfect webpage for anybody who hopes to find out about this topic. You understand a whole lot its almost hard to argue with you (not that I actually would want to…HaHa). You certainly put a brand new spin on a subject which has been written about for years. Wonderful stuff, just great!
April 22nd, 2012 at 12:39 pm
Very interesting subject; regards for posting.
April 28th, 2012 at 1:03 pm
That is really attention-grabbing, You’re an excessively professional blogger. I have joined your rss feed and look ahead to in quest of extra of your great post. Also, I’ve shared your website in my social networks
May 3rd, 2012 at 4:57 am
I will add this article in RSS Reader.
June 18th, 2012 at 7:43 pm
Can I just say what a relief to find someone who really is aware of what theyre talking about on the internet. You positively know the right way to deliver a difficulty to mild and make it important. Extra individuals must learn this and perceive this aspect of the story. I cant believe youre not more fashionable because you positively have the gift. Info
January 15th, 2013 at 12:52 pm
Having read this I believed it was extremely enlightening. I appreciate you taking the time and effort to put this content together. I once again find myself spending way too much time both reading and leaving comments. But so what, it was still worthwhile!