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MetLife Insurance Premiums 700% Increases Class Action

“People buy life insurance for comfort and peace of mind.” The complaint for this class action begins its Allegations of Fact with this line. At issue is a policy with Metropolitan Life Insurance Company (MetLife), for which MetLife has increased premiums over 700% in recent years. The complaint alleges that the increases are imposed on older customers, to get them to drop their policies, so that MetLife can avoid paying out.

It is unclear when plaintiff Roland Huff originally purchased his life insurance policy. Originally, and up to 2012, the complaint alleges, his monthly premium for the insurance was around $200 per month.

In 2013, his premium more than doubled, to $451.97 per month.

In October that same year, MetLife informed him that his premiums would go up again over the next two years. The complaint claims, “There was no information in the notice explaining why the premiums were being increased and no explanation has ever been provided to Huff.” However, the premiums did not increase for only the following two years, but for every year after that.

The complaint lists the monthly premiums for this eight-year period. By 2021, the year of the filing of the case, the premium has increased to $1,943.04, which the complaint calculates as over 700%.

Huff is now 78 years old.

The complaint alleges, “Upon information and belief, MetLife most likely has increased the premiums of its OLDER policyholders so drastically in order to force its older policyholders to allow their policies to lapse for non-payment of premiums. For, through such policy lapses, MetLife can be released of its obligation to pay out the death benefits of its older customers and thereby increase its PROFITS.”

The complaint is seeking two things. First, it asks for “an order of the Court Requiring [MetLife] to make available to [Huff] certain information and documentation regarding huge increases in his life insurance premiums for review and analysis by an expert actuary[.]” This, the complaint claims, should show whether the price increases are “justified, fair and in accordance with the terms of the policy and common principles that govern such policies.” Huff has repeatedly requested this information from MetLife, but the company has not provided it.

Second, it asks for relief, claiming breach of contract, breach of the implied covenant of good faith and fair dealing, and possibly for fraud.

The complaint does not define a class at this time. In a section entitled “Class Description & Allegations,” it claims it will only ask for class certification under certain conditions, including when “information supporting a class action is obtained through discovery.”

Article Type: Lawsuit
Topic: Insurance

Most Recent Case Event

MetLife Insurance Premiums 700% Increases Complaint

July 14, 2021

“People buy life insurance for comfort and peace of mind.” The complaint for this class action begins its Allegations of Fact with this line. At issue is a policy with Metropolitan Life Insurance Company (MetLife), for which MetLife has increased premiums over 700% in recent years. The complaint alleges that the increases are imposed on older customers, to get them to drop their policies, so that MetLife can avoid paying out.

MetLife Insurance Premiums 700% Increases Complaint

Case Event History

MetLife Insurance Premiums 700% Increases Complaint

July 14, 2021

“People buy life insurance for comfort and peace of mind.” The complaint for this class action begins its Allegations of Fact with this line. At issue is a policy with Metropolitan Life Insurance Company (MetLife), for which MetLife has increased premiums over 700% in recent years. The complaint alleges that the increases are imposed on older customers, to get them to drop their policies, so that MetLife can avoid paying out.

MetLife Insurance Premiums 700% Increases Complaint
Tags: Insurance, Life Insurance, Premium Increases, Unfair or Improper Increase in Premiums