Life Insurance Customers Push Back Over Surprise Cost Increases

From the Wall Street Journal:
"Policyholders are filing suit, as big U.S. life insurers blame the Federal Reserve’s decision to keep interest rates lower for longer"
Dated Sept 1st, 2016

"Americans are starting to fight back against a wave of insurance-price increases on decades-old life policies.

Over the past year, several major insurers have notified tens of thousands of people of higher costs to keep their policies in force, with increases ranging from midsingle-digit percentages to more than 200%, according to financial advisers. To justify the increases, they blamed the impact on
Source of insurance-forums.net

Comments