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USAA Cost of Insurance Settlement

USAA Life Insurance Company is paying $90 million to settle a class action alleging that it violated its own policy terms in deducting the cost of insurance (COI) for certain Universal Life 1, 2, 3, and 4 policies. The complaint made three allegations: (1) USAA used factors other than those specified in the policy to  Read more

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Jackson National Life Insurance Increases in COI Class Action

The complaint for this class action brings suit against the Jackson National Life Insurance Company, alleging that it has breached the terms of its agreements with customers. The complaint claims that the company made customers pay “inflated monthly charges for cost of insurance (‘COI’) that are not allowed by the plain language of their insurance  Read more

Lobby Area at Jackson National Headquarters