Legal Question in Insurance Law in New York

I am having a dispute with my life insurance company, specifically my disability rider. I purchased the policy back in 1991 in NYS. My original contract specified I would receive $500 per month for as long as I was totally disabled. The original contract had no specified time limit for payments. They recently told me that my benefits expire next month, and that they were capped at 60 months. I refuted this, and they finally sent me a letter that was dated in 1997 that was supposedly sent to me amending my original contract by adding the wording payable for 60 months. They said that filling in missing words from a contract was permissible due to "contract" law. Does this sound correct to you? I do have a complaint filed with the NYS Insurance Board regarding this matter, but I was just trying to be prepared for when the insurance company calls me. Thank you for your help.


Asked on 10/27/11, 2:03 pm

1 Answer from Attorneys
SHAHRIAR KASHANIAN LAW OFFICES OF SHAHRIAR KASHANIAN, ESQ.,

You should have an attorney review your contract. It is also imperative to find out if there are other complaints pending against the carrier for underhandedness. I would neither contact nor speak to them directly. I doubt very much you will see any action on your behalf by the insurance department.

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Answered on 10/27/11, 3:15 pm


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