South Carolina Man Sues Lincoln Over 1987 Tobacco Class Error

February 26, 2024 by Allison Bell

A South Carolina resident is suing a Lincoln Financial subsidiary over an old, but newly discovered, life insurance policy rate classification error.

Robert Stukes says Lincoln National National Life Insurance Co. mistakenly classified him as a smoker in 1987 when it converted three older policies into one new policy.

Click HERE to read the full story via Think Advisor

Wink’s Moore on the Market: It is hard for me to believe that a home office would refuse to return the extra premiums paid on a policy that was discovered to be improperly classified as tobacco, when it was issued in the company’s error?

(THAT was a mouthful!)

If the insurance company made the mistake, they should make it right. -sjm

Originally Posted at Think Advisor on February 20, 2024 by Allison Bell.