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

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

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

The Transamerica Building in San Francisco

Wilco Life Insurance Improper Cost of Insurance Increase Class Action

Insurance companies are limited in their ability to raise rates on their existing policies. In this class action, the complaint alleges that Wilco Life Insurance Company improperly imposed a rate increase on Form CLIC-3002 policies. The complaint alleges, “Wilco breached the implied and express terms of the policies and misleadingly stated that the increases were  Read more

Hundred Dollar Bill Folded as a Roof Over Paper Family

Wilco Life Insurance Policy Termination California Class Action

A number of recent class actions have involved the legal requirements for the lapse or termination of life insurance policies under California laws. This is because life insurance works best for the policyholder when it’s a long-term investment. In this case, the defendant is Wilco Life Insurance Company, which the complaint claims violate California safeguards  Read more

Magnifying Glass Lens Enclosing Words "Life Insurance"

US Financial Termination of Life Insurance Policies Class Action

Life insurance is generally held long-term. The complaint for this class action alleges that US Financial Life Insurance Company terminated the policies of certain classes of policy holders without proper notice as required by the California Insurance Code.  Read more

Family Under Umbrella Labeled Life Insurance