Reid Burman Lebedeker, Lawyers
A Boutique Civil and Commercial Litigation Law Firm
Call 561-659-7700
Menu / Navigate

Florida's new law regarding life insurance

Recently, a law was passed in Florida aimed at helping ensure beneficiaries of life insurance policies get benefits they are entitled to in a timely manner after policyholders pass away.

Among the things that could cause a beneficiary to not get such benefits in a timely manner is them not being aware that a deceased loved one had a life insurance policy.

The new law, which was signed by the governor last month, puts some requirements in place regarding what life insurance companies have to do after discovering that a policyholder had died. Among these requirements is a mandate to take efforts to locate and notify beneficiaries within 120 days of making such a discovery. If an insurance company is unsuccessful in its search for a policy's beneficiaries, it is then to transfer unclaimed life insurance proceeds to the state government and the government is to continue search efforts.

Additionally, the law puts certain requirements on insurance companies regarding monitoring whether policyholders have passed away.

Do you think this new law will reduce the occurrence of life insurance benefits payouts not being made or being significantly delayed due to beneficiaries being unaware of the existence of a policy? What overall effects do you think the new law will have?

Now, a beneficiary not being aware of a life insurance policy is not the only situation in which a lack of benefits payouts could occur. Sometimes, a beneficiary makes a claim for life insurance benefits after a policyholder's death, but their claim is denied. There are a variety of grounds life insurance companies might assert when denying a claim. Instances can occur where denials are made for inaccurate or invalid reasons. When a beneficiary of a life insurance policy feels that a benefit denial issued in relation to a life insurance claim they made was inaccurate and unfair, they may want to have a discussion with an attorney skilled in insurance issues about whether they have any viable options for contesting the denial.

Source: Orlando Sentinel, "New law forces life insurers to find, pay more beneficiaries," Susan Jacobson, April 22, 2016


I never knew that different states have different laws regarding life insurance. I'm glad to hear that Florida is trying to make things easier for the beneficiaries after the insurance policyholders pass away. I wonder what the life insurance laws are in my state. Thanks for the info!

Leave a comment
Comment Information


Reid Burman Lebedeker
Esperante Building, Suite 1160
222 Lakeview Avenue
West Palm Beach, FL 33401

Toll Free: 800-205-9655
Phone: 561-659-7700
Fax: 561-659-6377
West Palm Beach Law Office Map

Schedule A Consultation

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Back to Top