Lawsuits for Massive Life Insurance Industry Fraud

Last Updated on October 25, 2017

Investigation Complete

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At A Glance

This Alert Affects:
People who hold annuities or universal life insurance policies through certain insurers – specifically people who noticed their insurance premiums go up.
What's Going On?
Reports have surfaced that some life insurance companies are engaging in secretive transactions – often through shell and offshore companies – to manipulate the appearance of their financial health to the public. Attorneys are now looking into whether class action lawsuits can be filed on behalf of investors and policyholders who have fallen victim to practices state regulators have called "financial alchemy."
Which Companies Are Affected?
Attorneys are investigating John Hancock Life Insurance Company, Transamerica Life Insurance Company, The Prudential Insurance Company of America, Lincoln Benefit Life Company, Zurich American Insurance Company, ReliaStar Insurance Company, ING Life Insurance and Annuity Company, ING USA Annuity and Life Insurance Company and ING/Voya (sold through subsidiary Security Life of Denver Insurance Company).