Federal Appeals Court Lets Universal Life Rate Suit Continue

News March 05, 2024 at 11:33 AM
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What You Need To Know

  • The legal fight concerns whether an insurer must include mortality in cost-of-insurance rate scale updates due to language in its contract.
  • The policy in question ended up in the portfolio of Life Partners, a publicly traded life settlement investment company that went bankrupt.
  • The policy mortality charges increased to $286 in 2019, from $125 in 2012.

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