Transamerica sued for cost increases on universal life insurance contracts
Transamerica along with other insurers have upped costs on in-force policies as they've had to contend with persistently low interest rates.
Transamerica Life Insurance Co. has been sued for raising the cost of insurance on some universal life insurance contracts, an action plaintiffs allege constitutes a breach of obligations under the policies and has led to damages against contract holders.
The class-action suit, Feller et al v. Trans
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