Jefferson-Pilot Life Insurance Company
Lawsuits against Jefferson-Pilot Life Insurance Company are mounting over claims that employees used misleading sales practices to sell thousands of policies. Allegations center on the company's sale of whole life and interest sensitive whole life insurance policies with "vanishing" premiums.
Salesmen reportedly promised potential clients disappearing annual or monthly premiums after a set amount of time (usually several years). Interest sensitive dividends were supposed to eventually pay for the policyholder's premium. Unfortunately, falling interest rates prevented the dividends from paying the premiums and policyholders were forced to cover the payments on their own.
If you or a loved one has been victimized by Jefferson-Pilot's practices, it may be important to contact an attorney who can help protect your legal rights. Please keep in mind that there may be time limits within which you must commence suit.
Attorneys associated with InjuryBoard.com will evaluate your case free of charge. In addition, you will not pay any fees unless your attorney recovers money for you. Please click on the free Ask An Attorney button to take advantage of this valuable service.
-- Article Courtesy of InjuryBoard.com
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