Washington state couple sues Pacific Life over IUL illustration

August 23, 2023 by John Hilton

A Washington state couple said they are out hundreds of thousands of dollars they expected to help fund retirement after being misled on a Pacific Life indexed universal life insurance policy.

Simona G. Marie and Thomas Lewis, from Richland, Wash., filed a lawsuit June 27 against Pacific Life, Harding Financial Partners and Andrew Brown, the producer who sold them a PacLife PDX life insurance policy.

Starting December 2017, plaintiffs made five premium payments totaling $505,000, the lawsuit states. 

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Originally Posted at InsuranceNewsNet on August 15, 2023 by John Hilton.