We advocate for policy owners nationwide, prosecuting claims against life insurance companies for improper “Cost of Insurance” (COI) rate increases and overcharges in connection with policies that contain an investment, interest bearing, or savings component in addition to a death benefit.
Get clarity on your life insurance policies – and make sure they’re working for you, not against you.
Our law firms investigate and pursue claims against life insurance companies for alleged misconduct related to overcharges within permanent life insurance policies. These types of policies can be referred to in several ways: Universal Life Insurance, Flexible Premium Whole Life Insurance, Variable Universal Life Insurance, and Variable Whole Life Insurance.
Typically comprised of hidden expenses – or “loads” – buried within the contractual policy charges, improper overcharges and rate increases cost you, the policy owner, significant money each month and year and drain your policy’s cash value.
Simply put: Money that should go to the policy owner’s savings is instead going to the insurance company.
We believe it’s wrong for companies that market financial security to take advantage of consumers’ hard-earned savings, and we’re holding them accountable.
— Settled a nationwide class action lawsuit against John Hancock Life Insurance Company providing the insurer pay $59.75 million to approximately 103,000 policyholders.
— Settled a lawsuit against USAA Life Insurance Company for $90 million in cash on behalf of a nationwide class of more than 70,000 policyholders.
Bezich vs. Lincoln National Life Insurance Company
Settled a nationwide class action against Lincoln National Life Insurance Company on behalf of approximately 77,000 policy owners across 30 states.
As part of the settlement, the insurer agreed to issue term life insurance certificates to the class that had a total face amount of death benefits of $2.25 billion, with a market value of approximately $171.8 million.
Vogt v. State Farm Insurance Co.
Obtained a successful jury verdict for $34.3 million, nearly 100 percent of the amount requested, for approximately 24,000 current and former policy owners in a class action lawsuit against State Farm Life Insurance.
After defeating State Farm's appeal to the Eighth Circuit Court of Appeals, and its effort to appeal to the United States Supreme Court was rejected, the insurer paid more than $41.6 million as final judgment.
We work on a contingency fee basis, which means we are not paid unless we recover money for you. This means our goals match yours: Succeed for you and we succeed ourselves; fail you and we fail ourselves. Along the way, we promise to be responsive, work efficiently, and provide you with consistent updates.