Lawsuit Filed Against Voya Cost of Insurance (COI) Increase

By |2018-09-11T18:20:41+00:00August 21st, 2018|Categories: BLOG, Cost of Insurance (COI) Increase, Uncategorized|Tags: |

In May of 2016 we reported that the cost of insurance was being raised on a specific block of approximately 18 universal life products originally issued by Aetna Life Insurance and Annuity Company (now Voya Retirement Insurance and Annuity Company.) Lincoln Financial Group was the administrative agent and reinsurer on the policies.   We were unsure of [...]

ITM TwentyFirst Alert: Lawsuit Filed Against John Hancock for COI Increase

By |2018-06-11T15:56:46+00:00June 11th, 2018|Categories: Cost of Insurance (COI) Increase, Current Assumption Universal Life, General Interest, Policy Management|

In February of 2017 we reported John Hancock had placed restrictions on certain inforce illustrations. At that time, we mentioned this was a possible precursor to a cost of insurance increase.  A year later the carrier notified the New York Department of Financial Services that it would be raising the cost of insurance (COI) on some [...]

First John Hancock Cost of Insurance (COI) Increase Letters Arrive

By |2018-09-11T18:20:42+00:00May 9th, 2018|Categories: BLOG, Cost of Insurance (COI) Increase, Current Assumption Universal Life, General Interest, News, Uncategorized|

In February of 2017 we reported John Hancock had placed limitations on inforce ledgers for certain Performance UL policies.  A year later, in February of this year, we wrote that The Life Settlements Report, a trade publication, reported that John Hancock had voluntarily notified the state of New York that it would be raising the cost [...]

Lawsuit Filed Against Phoenix for 2017 Cost of Insurance (COI) Increase

By |2018-04-21T09:30:24+00:00April 21st, 2018|Categories: Cost of Insurance (COI) Increase, Current Assumption Universal Life, General Interest|

On April 19th, a class action lawsuit was brought in the Southern District of New York against PHL Variable Life Insurance Company (Phoenix) for subjecting policyholders “to an unlawful and excessive cost of insurance (“COI”) increase” …“in violation of their insurance policies.” We reported on the cost increase in August of last year. A 2010-11 COI [...]

New Transamerica Cost of Insurance Increase Is One of the Largest Yet

By |2018-04-18T09:40:32+00:00April 18th, 2018|Categories: Cost of Insurance (COI) Increase, Current Assumption Universal Life, General Interest, Policy Management|

In the summer of 2017 we posted a blog about another Transamerica cost of insurance (COI) rate increase affecting Ultra 115 and TransSurvivorship products purchased in 1998-99. We anticipated that the increases would be around 58%—a hefty raise. What we are seeing now could easily surpass that. We are now beginning to receive notices of monthly [...]

This Is A Custom Widget

This Sliding Bar can be switched on or off in theme options, and can take any widget you throw at it or even fill it with your custom HTML Code. Its perfect for grabbing the attention of your viewers. Choose between 1, 2, 3 or 4 columns, set the background color, widget divider color, activate transparency, a top border or fully disable it on desktop and mobile.

This Is A Custom Widget

This Sliding Bar can be switched on or off in theme options, and can take any widget you throw at it or even fill it with your custom HTML Code. Its perfect for grabbing the attention of your viewers. Choose between 1, 2, 3 or 4 columns, set the background color, widget divider color, activate transparency, a top border or fully disable it on desktop and mobile.