Nationwide Disability Insurance Attorneys

Insurers Bank On You Not Putting Up A Fight

With total revenue of $13.8 billion in 2016, Lincoln National Corporation has huge financial muscle and an intimidating disability presence. This means Lincoln may deny or float the legitimate claims of smaller players—like individual or group disability policyholders—in the interest of company profits and will try to cower them into letting it go. As a big player, Lincoln National—like many other disability insurers—literally bank on your fear of fighting back. Lincoln Financial (Lincoln National) is also one of the leading underwriters of group disability insurance and has a history of complaints along with alleged unscrupulous practices.

If you experienced trouble with your individual or long-term disability claim under a Lincoln Financial policy, DarrasLaw invites you to a free consultation. We regularly handle individual and long-term disability insurance claim disputes and appeals. Advocating for disability claimants nationwide, we are the top disability law firm in the United States. We have recovered nearly $1 billion in wrongfully denied insurance benefits for clients.

Lincoln National’s Checkered Past

Lincoln National Corporation (Lincoln National) is a Fortune 250 company, managing multiple insurance and investment management businesses—each of which are subsidiary companies. The main, or principal, subsidiaries are:

• Lincoln National Life Insurance Company
• Lincoln Life & Annuity Company of New York
• First Penn-Pacific Life Insurance Company
• Lincoln Financial Distributors
• Lincoln Financial Advisors

Lincoln National (Lincoln Financial) has issued many individual and long-term disability denials, delays, and terminations of legitimate claims. Lincoln National Corp. markets private disability and group disability insurance under the name Lincoln Financial Group (LFG). The company provides both group short-term and long-term disability coverage to more than two-million employees through thousands of corporate clients.

In April 2015, The New York State Department of Financial Services investigated Lincoln National (Lincoln Financial). The findings determined that Lincoln National had, in fact, engaged in unfair claims settlement practices. Lincoln National did not provide timely, unbiased, and equitable settlements of claims, according to the report. The department stated that Lincoln National violated New York insurance law.

In June 2008, the most senior-level executives at Lincoln National (Lincoln Financial) received an audit that revealed significant errors in the company’s claims-processing division. Nonetheless, these executives allegedly failed to effectively address the issue. From June 2008 through June 2014, these claim errors continued, according to the department’s findings. Lincoln National’s excess of pending, unsettled claims hit a historical high. Even worse, Lincoln National failed to disclose its extensive backlog (as required by New York insurance law) to the department.

At DarrasLaw, we take all of the disability claim delay and denial cases that we choose to represent on a contingent fee basis. This means that you do not pay us upfront. We do not collect our fees or costs unless we resolve your case successfully. Call our office at (800) 898-7299, or send us an email through our online contact form.