Lawsuit Filed Against Voya Cost of Insurance (COI) Increase
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 the total number of policies affected. Last week (August [...]