Notice-Prejudice Rule Applies to Life Insurance Disability Premium Waiver Rider
Posted by Haight Brown & Bonesteel LLP on Nov 28th 2018
October 18, 2018
In Lat v. Farmers New World Life Ins. Co. (No. B282008, filed 10/16/18), a California appeals court held that the notice-prejudice rule precluded a denial of life insurance benefits based on the insured’s failure to give notice of disability as required under a disability premium waiver rider.In Lat, premiums for the insured’s life insurance policy were accumulated in an account from which the cost of the insurance was deducted monthly. If the account balance fell below the nex
Read more
