Life Policy Buyer Sues Over Age Conflict
May 15, 2023 by Allison Bell
A financial services firm is suing an insurer over a conflict between the age of a woman stated on the woman’s life insurance policy and the age on her death certificate.
The firm, BMI Financial Group, bought the policy from the insured in 2005. In its complaint, it asserts that, because of the age conflict, it made too many premium payments, received too little for death benefits, or both.
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Originally Posted at ThinkAdvisor on May 11, 2023 by Allison Bell.
Categories: Industry Articles