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Unlawful Mandatory Allotment Under The Military Lending Act

Unlawful Mandatory Allotment Under The Military Lending Act A mandatory military allotment is disguised to help servicemembers, dependents, and military families. In reality, military families are often exploited through mandatory military allotment. Once a military family registers a creditor/lender with DFAS and allows for military allotment,...

What Are Your Rights Under The Military Lending Act?

What Are Your Rights Under The Military Lending Act? The Military Lending Act (MLA) provides special financial consumer protection for active duty servicemembers, and their dependents and families. The MLA is a Federal law that protects servicemembers and military families from predatory lending practices regarding interest rates, loans, fees,...

Common Reasons For Interpleader In Life Insurance Claims

Common Reasons For Interpleader In Life Insurance Claims When a dispute arises from multiple parties making a claim for the same life insurance benefits, the life insurance company may find many reasons for interpleader action or lawsuit to require a court to determine the owner of the life insurance proceeds. An interpleader lawsuit is filed by...

Who Receives a Life Insurance Policy if There’s No Beneficiary named?

Who Receives A Life Insurance Policy If There's No Beneficiary Named? If your loved one is the insured of a life insurance policy and has passed away, the life insurance company will begin to determine who may be entitled to policy proceeds if a policy fails to name or designate a beneficiary. If a policy owner does not designate a beneficiary on...

What Happens If a Minor Is a Named Beneficiary of a Life Insurance Policy?

What Happens If A Minor Is A Named Beneficiary Of A Life Insurance Policy? One of the main reasons that a family purchases life insurance is for the future financial security of your loved ones. When purchasing life insurance, you will be asked to name a beneficiary or multiple beneficiaries on the life insurance application. A beneficiary is...

What To Do If Your Life Insurance Claim Is Denied Due To Exclusions?

What To Do If Your Life Insurance Claim Is Denied Due To Exclusions? Life insurance policies are designed for individuals to provide financial security to their family and loved ones in the event of their death. However, many life insurance policies will exclude coverage for certain types of death, and then use those exclusions to later deny your...

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