December 29, 2022
This class action concerns the monthly cost of insurance (COI) for group universal life or individual universal life insurance policies that are issued by Unum Life Insurance Company of America and administered by it or its agents. The complaint alleges that the cost of insurance charges for these policies is supposed to be based on future mortality expectations and therefore should have gone down in recent years as mortality rates improved.
Case Event File: Unum Universal Life Policies COI Rate Increases ComplaintRelated to: Unum Universal Life Policies COI Rate Increases Class Action