In this article published by Law360, Charles Platt outlines the most recent cases where plaintiff lawyers have challenged cost-of-insurance charges, with mixed results.
In Fleisher v. Phoenix Life (April 2014), the United States District Court for the Southern District of New York rejected in part the policyholders' claims that COI increases were not justified by the terms of the universal life (UL) contracts, but left the door open on two other issues. Read the full article.
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