Life Policyholder Sues Over Reinstatement Amount Calculations
February 19, 2019 by Allison Bell
A consumer in California is suing a life insurer over how the insurer calculated variable universal life (VUL) insurance policy reinstatement charges.
The plaintiff, Richard Behfarin, is seeking class-action certification for the case, Behfarin v. Pruco Life Insurance Company of America and Does 1-10, inclusive (Case Number 2:17-cv-05290-MWF-FFM), which was filed in the U.S. District Court for the Central District of California).
The plaintiff, Behfarin, acquired a $3 million second-to-die flexible-premium variable life policy from Pruco Life in 2001, according to the complaint.
Pruco Life is a unit of Prudential Financial Inc.
Click HERE to read the full story via ThinkAdvisor.
Originally Posted at ThinkAdvisor on February 14, 2019 by Allison Bell.
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