What We Do - Life Insurance Problems

Our law firms investigate and pursue claims against life insurance companies for alleged misconduct related to overcharges within permanent life insurance policies. These policies can be referred to in several ways:

Universal
Variable universal
Whole life
Variable whole life
Flexible premium

Improper overcharges and rate increases are a widespread problem in the life insurance industry, and they cost a typical policy owner significant money each month and year. The overcharges are typically comprised of hidden expenses – or “loads” – buried within the contractual policy charges that ultimately drain the policy’s cash value. Simply put: Money that should go to the policy owner’s savings is going instead to the insurance company.

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Together, Stueve Siegel Hanson LLP and Miller Schirger LLC are holding insurance companies accountable. We have made significant recoveries in cash and death benefits for policyholders.

June 2018

In June 2018, we achieved a significant jury verdict for State Farm policyholders. The class action was brought on behalf of approximately 24,000 current and former owners of universal life insurance policies issued in Missouri. The jury found that State Farm systematically overcharged its policyholders for 23 years. For news coverage, click here.

May 2018

In May 2018, we settled a nationwide class action lawsuit against John Hancock Life Insurance Company (U.S.A.) over alleged life insurance policy overcharges. John Hancock will pay cash compensation to approximately 103,000 customers who own or owned a Flex V-II variable whole life insurance policy sold and administered by John Hancock over the last several decades.

April 2016

In April 2016, we obtained a settlement in a class action lawsuit against the Lincoln National Life Insurance Company over alleged insurance policy overcharges. Lincoln National agreed to settle the case by, among other things, issuing term life insurance certificates to a settlement class consisting of approximately 77,000 policy owners across 30 states.