Universal life insurance providers raise premiums for customers who bought their policy decades ago to avoid paying the guaranteed monthly interest payments. Fighting fraud and deception is an important part of our obligation as life insurance fraud lawyers to protect and defend your rights as a victim. We want to help ensure you get the fair treatment you deserve. Call or fill out a free initial consultation form to get started.
When most people hear the term “life insurance fraud,” they likely imagine shocking news stories of people who faked their own deaths to collect on life insurance policies. But the truth is, insurance fraud is much more likely to happen within the insurance industry by deceitful insurers and insurance agents.
If you’ve received a letter, call, or email from your insurer telling you that your policy premiums or insurance costs are significantly increasing, you may be wondering what steps you can take to protect your family’s best interests. While the reasons for these increases are supposedly out of the company’s control, policyholders like you may be the victims of insurance fraud and have legal rights to compensation.
Our experienced lawyers at Ponce Law are ready to investigate your life insurance policy rate increase. There’s never a fee for legal services unless we collect for you, and we’re here to investigate your potential claim today. Call or contact us online for a free, no-obligation evaluation of your case with a Nashville life insurance fraud lawyer.
Some universal life insurance policy providers are substantially raising premiums for customers who purchased their policy decades ago in order to avoid paying out the guaranteed monthly interest payments. Many of these customers had been assured by their insurance agents that their premiums would never increase. These increases are seldom justified, and if you are affected by rising premiums, our life insurance fraud attorneys may be able to reverse the charges or reinstate your policy if you were forced to surrender it due to the rising premium costs.
Universal life policies comprised a quarter of all life insurance policies purchased during the 19080s and 1990s, and potentially millions of people could be affected by premium hikes.
If you received a notice that your universal life policy’s cost of insurance or premiums is significantly increasing, you were probably given three options:
Before you make any changes to your policy—contact our law firm first. Our Nashville life insurance fraud attorneys will listen to your story and investigate your life insurance increase so you don’t have to pay for an insurance company’s fraud or business mistakes.
Insurance providers who are under investigation for their fraudulent policies may include:
Before purchasing a life insurance policy, be sure to investigate the company through the Tennessee Division of Insurance. You’ll be able to verify an insurance company or agent’s license and see whether any complaints have been filed against them.
There are many ways in which insurance companies and agents can attempt to defraud customers in Nashville, including:
If your universal life insurance costs suddenly increase, your insurance company may be taking advantage of you for its own benefit. Fighting fraud is an important part of our mission to protect victims’ rights, and we want to help ensure you get the fair treatment you deserve. Call or fill out a free initial consultation form to speak with a Nashville life insurance fraud lawyer.
