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Standard Life, Protective Life Designation Notice Requirements California Class Action

People who are elderly or sick may have difficulty keeping up with bills and other necessities for a stable life, and may need help from a third party. The complaint for this class action alleges that Standard Life Insurance Company and Protective Life Insurance Company do not provide the annual notices required under California law  Read more

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Northwestern Mutual Life Policy Terminations California Class Action

When Cheri Poe’s husband died, his insurance company told her that he had had no coverage at the time of his death and that she could not make a claim for any benefits. This class action brings Northwestern Mutual Life Insurance Company, alleging that the company did not follow the requirements of California’s insurance laws  Read more

Northwestern Mutual Life Insurance Building

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  Read more

Metropolitan Life Tower in New York

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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Cinergy Health Group Term Life Insurance Scheme Class Action

This class action concerns association term life insurance certificates bought from Cinergy Health, Inc. (which does business as Cinergy Health & Life Insurance Agency). The certificates were underwritten by Companion Life Insurance Company and issued through Companion or the National Congress of Employers, Inc. (NCE). The complaint alleges deception in the sale and marketing of  Read more

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Accordia Life Insurance Policy Administration Settlement

This settlement resolves a class action against Accordia Life & Annuity Company and Alliance-One Services, Inc. The complaint alleged that certain life insurance policies (the Covered Policies) were not properly administered after an event called the Conversion, when they were transferred to Alliance-One’s system. These errors included things like errors in calculating the policies’ values,  Read more

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AmGen Criteria for Determining Policy Interest Rates California Class Action

At issue in this case are the interest rates paid on California universal life insurance policies from American General Life Insurance Company (AmGen). The complaint alleges that the insurance earned by these accounts are too low and that the rates are not based, as the policies promise, solely on the company’s expectations of future investment  Read more

Life Insurance Policy Papers on Desk with Other Items

Equitable Life Insurance “Twisting” Policy Sales Class Action

This class action brings suit against AXA Equitable Life Insurance Company for “twisting.” In this process, the complaint says, the company and its brokers “trick life insurance customers into replacing their existing whole life policies into more costly Equitable universal life insurance policies that [have] lower rates of return and higher risk.” According to the  Read more

Equitable's Building in Manhattan Around 1890

Investigation: Index Universal Life Policy Marketing May Offer Too Much

Do you have an Indexed Universal Life (IUL) life insurance policy? Are you getting the kind of increases in your account value that you saw in the marketing materials for the policy? We’re investigating to see if insurance companies have been promising more than their IUL policies are likely to deliver.  Read more

Percentage Signs Sinking in Water

Northwestern Mutual Life Insurance Company Payment Fee Settlement

Northwestern Mutual Life Insurance Company will be paying well over half a million dollars to settle a class action alleging that it charged some customers extra fees, depending on the way they chose to pay their monthly premiums. The complaint alleges this is a violation of New York law.  Read more

Hand-Colored Postcard of Northwestern Mutual's Milwaukee, Wisconsin Building