What is a life Insurance Interpleader?

A life insurance Interpleader is filed when a dispute arises over who the rightful beneficiary of a life insurance policy is.  Various circumstances give rise to the need for interpleaders, such as a spouse and former spouse claiming the right to the policy, cases with custody arrangements from several marriages, sudden changes to the beneficiary before the decedent’s death, cases of suspected foul-play, or when the policy holder and the beneficiary pass at the same time, for example.

 
What happens when a Florida insurance interpleader is filed?

 

When an interpleader is filed in Florida, the life insurance policy’s funds are generally deposited with the court until the matter can be settled.  This removes further responsibility for investigating the validity of individual claims from the insurance company, who has technically already paid on the policy, and places it in the hands of a probate court.  This is often to the advantage of the insurance company and places the burden on the beneficiaries to prove which is entitled to the proceeds.

 

Why would a life insurance company file an interpleader?

Life insurance Interpleaders reduce the liability insurance companies carry when disputes arise in regards to a policy’s proper beneficiary.  The consequences for awarding the wrong party the proceeds of the policy are dire for an insurance company.  This could double the financial liability for the policy or more if the wrong person is awarded the proceeds of a life insurance policy mistakenly.  This way, the insurance company can force all interested parties into court and remove their liability in the dispute.  Interpleader law suits also help protect the rightful beneficiary or beneficiaries.

What should you do if you are served with an Interpleader in Florida?

 

If you find yourself involved in an interpleader lawsuit in Florida, the life insurance attorneys at the Law Offices of Jason Turchin are here to help you through this difficult time.  We understand that issues of inheritance are sensitive matters, and we try to handle these types of affairs with the utmost discretion and professionalism.  Let our Broward life insurance interpleader lawyers represent you in your interpleader law suit.  Our Florida life insurance interpleader attorneys can walk you through the life insurance lawsuit to try and make your Florida life insurance interpleader law suit as painless as possible. We constantly strive to bring our clients the best in estate planning, probate administration, and interpleader law suit representation to residents and individuals with financial interests in Florida.
 

Contact Us Today For A Free Consultation!

If you were sued by a life insurance company in an interpleader lawsuit in Florida, contact us today for a free consultation. You may have a very limited time to respond to the complaint, or your claim could be barred forever. Call a life insurance attorney at the Law Offices of Jason Turchin today at 800-337-7755 for a free consultation. 

 

We handle Interpleader lawsuits on a contingency fee, which means you do not have to pay us any money out of pocket. We waive all fees and costs if there is no recovery.

 

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