Lawsuit Filed Against Security Life of Denver for COI Increase Moving Ahead

A class-action lawsuit against Security Life of Denver, initially filed in July of 2018, is moving ahead in Colorado.  The lawsuit alleges policyholders have paid “unlawful and excessive” cost of insurance charges on Strategic Accumulator Universal Life and Life Design Guarantee Universal Life policies subject to increases announced in September of 2015. The suit contends that there is “no possible justification” for the increase since [...]