I have never had to deal with a situation like this before. Generally, death claims against life insurance policies are entirely routine, they take like one week to fulfil and they require almost no paperwork.
Chicago, IL (PRWEB) May 02, 2014
Eric Smith, the founder and independent life insurance agent of YourLifeSolution.com, has filed a complaint with the Virginia Department of Insurance against the Academy Life Insurance Company. The life insurance carrier has previously been barred from doing business with the Department of Defense after being found guilty of defrauding veterans according to the press release published on Feb. 20, 2003 by the Department of Defense which is viewable at this link:
Eric Smith filed complaint 91093 as a result of the Academy Life Insurance Company being unreachable to fulfil this death claim.
"I have never had to deal with a situation like this before. Generally, death claims against life insurance policies are entirely routine, they take about one week to fulfil and they require almost no paperwork. This life insurance policy, most likely because it was only $10,000, appears to have fallen through the bureaucratic cracks. The policy was supposed to have been acquired by another company, according to the Virginia Department of Insurance, a company I've done plenty of business with, but they don't have it and it appears that this a case where the rarely heard-of state guarantee fund has to be utilized. I have filed a complaint and subsequent claim with the Virginia Department of Insurance out of the principle that this money is rightful owed," said Eric Smith, the founder of YourLifeSolution.com.
Consumers interested in instantly viewing their own life insurance rates from some of the most financially stable carriers are encouraged to visit YourLifeSolution.com, or call Eric Smith at 888.374.2764.