Life Settlement Firm Sues John Hancock Over UL Cost-of-Insurance Increases

September 20, 2022 by Allison Bell

An Irish asset manager is suing John Hancock Life Insurance Company of New York over a cost-of-insurance increase on a $15 million universal life insurance policy.

The lead plaintiff, Skellig ICAV, joined with its U.S. securities intermediary, Wilmington Trust, to file a complaint against John Hancock last week, in the U.S. District Court for the Southern District of New York.

Click HERE to read the full story via ThinkAdvisor

Originally Posted at ThinkAdvisor on September 15, 2022 by Allison Bell.