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Federal Appeals Court Lets Universal Life Rate Suit Continue
By
Allison Bell
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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