Case File: 120514-001
Insurance: Universal Life
Subject
Investigation revealed that insurers knowingly and intentionally made gross misrepresentations or fraudulent misrepresentations through the use of misleading or fraudulent marketing with the objective of promoting the sale of Universal Life products Severity
Extremely HighSpecial Interest
(1) Universal Life sold by Transamerica and National Life/Industrial Alliance from 1995 to 2005(2) All Universal Life sold by any companies
Registration
Still open. Register your complaint into our National Database Legal Representative
To be named Case File: 010614-002
Insurance: Service
Subject
Investigation revealed that insurers knowingly and intentionally prevented consumers from obtaining service from a licensed advisor in order to increase their lapse rates Severity
Extremely HighSpecial Interest
(1) Manulife orphan clients(2) Great West Life orphan clients
(3) Any clients owning an insurance policy who has not seen an advisor in more than 5 years
Registration
Still open. Register your complaint into our National Database Legal Representative
To be named 01
DefendReactions
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Defend consumers by recovering consumer losses created by unethical or fraudulent commercial practices
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ChangeInfluence
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Change the financial industry through the use of information and by educating consumer to influence the financial industry in adopting ethical and lawful practices.