South Carolina couple sue advisor, Symetra over IUL-funded plan
June 13, 2024 by John Hilton
A South Carolina couple claims that using an indexed universal life policy in a retirement planning strategy cost them substantial life savings.
Beth and David Yokel, of Greenville County, claim their advisor sold them on a retirement plan centered around loans from a Symetra Accumulator IUL policy. Four years of premium payments totaling $800,000 was supposed to yield “three or more decades of steady income in the form of tax-free loans,” the lawsuit claims.
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Originally Posted at InsuranceNewsNet on June 13, 2024 by John Hilton.
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