Pacific Life lawsuit back on track after complaint refiled
October 11, 2023 by John Hilton
A lawsuit against Pacific Life by a Washington couple dissatisfied with a PDX indexed universal life policy is back on track after a round of refilings.
Simona G. Marie and Thomas Lewis, from Richland, Wash., initially filed a lawsuit June 27 against PacLife, Harding Financial Partners and Andrew Brown, the producer who sold them a PacLife PDX life insurance policy.
After PacLife made a motion to dismiss for failure to state a claim, Judge Stanley A. Bastian gave the plaintiffs an opportunity to file an amended complaint.
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Wink’s Moore on the Market: “Industry analysts and many regulators agree that illustrations are problematic and unrealistic.”
Is it any wonder that insureds don’t “get” universal life insurance products? -sjm