Increase in Monthly Deduction Rate or Similar

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

Transamerica Life Insurance Policies Increase in MDR Settlement

Transamerica Life Insurance Company is putting up $88 million to settle a class action alleging that the company improperly raised the Monthly Deduction Rate (MDR) on certain of its life insurance policies. The complaint alleged that the increases were not allowed under the terms of the policies. The policies in question were the TransUltra 115  Read more