Migliaccio & Rathod LLP is investigating whether Lincoln Financial improperly increased cost-of-insurance charges on older universal life policies in a manner inconsistent with policy terms or consumer expectations.
Reported Issues
Lincoln Financial policyholders report concerns about:
- Sudden increases to monthly cost-of-insurance charges.
- Notice letters citing mortality, expenses, or experience factors.
- Policyholders needing to pay more to avoid lapse.
- Account values declining faster than projected.
- Concern that the increase was tied to financial or accounting pressures not allowed by the policy.
Why Individuals Should Be Concerned
Potential claims include:
- Breach of contract
- Improper COI increases
- Deceptive notice letters
- Violation of state insurance rules
- Bad faith
- Economic loss through increased policy charges
Signs You May Be Affected
- You own an older Lincoln Financial universal life policy.
- Your COI charges increased.
- You received a notice explaining the increase.
- You had to increase premiums to keep coverage.
- Your policy risked lapse because of rising charges.
If you have encountered these issues, we would like to hear from you. Please complete the contact form on this page, send us an email at [email protected], or give us a call at (202) 470-3520.