ERISA life insurance case paid 10 years after statute of limitations. Defendants were Great West Insurance Company and Anheuser Busch, Inc.
Phil Tatlow recently obtained the policy limits for his client on an ERISA life and disability case that he handled against Great West Insurance Company and Anheuser Busch Companies, Inc. This case involved D.H. who was a beer brewer that had to retire in 1996 due to various health issues. He applied for and was granted Social Security benefits. In 2006 D.H. was told by former co-employees that he should have applied for a buy-out of his life insurance policy when he retired. He attempted to apply with Great West and Anheuser Busch and was told that the time under the contract and statutes to apply was only three years and it was too late for him to make a claim. Phil Tatlow handled the case and filed a complaint against Great West Insurance Company with the Director of Insurance alleging that Great West breached their fiduciary duty to D.H. and that they along with Anheuser Busch fraudulently concealed the existence of valuable benefits and the time to sue them never ran. At the time that Great West and Anheuser Busch finally agreed to pay the claim it was over 10 years past the time to sue them under a normal reading and application of the statute. We could not find any ERISA cases like this and believe this is an excellent result for our client.
Policy Limits Paid