What is the maximum time limit for bringing legal action on a claim?

The maximum time limit for bringing legal action on a claim in the context of insurance is often referred to as the statute of limitations. In many states, including Maine, this time frame is set at five years. This period begins when the cause of action occurs, which is typically when the insurer denies the claim or when the policyholder files a claim that remains unresolved.

Having a five-year limit allows policyholders a reasonable amount of time to address and resolve their disputes with an insurer while ensuring that claims are brought in a timely manner. It balances the rights of the policyholders to seek justice with the need for insurers to have certainty regarding their liabilities over time.

Other time frames, such as one, two, or three years, are typically assigned to different types of legal claims or may apply in other legal contexts, but in the case of life insurance claims, the five-year limit is the correct and applicable duration for initiating legal action.