Equitable / AXA Universal Life Insurance Investigation

Deceptive Trade Practice, Consumer Protection, Insurance

By: Anish Amin

Migliaccio & Rathod LLP is investigating whether Equitable, formerly AXA, improperly increased cost-of-insurance charges on older universal life policies in a way that harmed policyholders.

Reported Issues

Policyholders report concerns about:

  • Monthly COI charges increasing sharply.
  • Policy account value declining faster than expected.
  • Needing to make additional premium payments to avoid lapse.
  • Receiving notice letters that did not fully explain the basis for the increase.
  • Concern that charges were increased for reasons not allowed by the policy.

Why Individuals Should Be Concerned

Potential claims include:

  • Breach of contract
  • Improper cost-of-insurance increases
  • Misleading notices
  • Violation of state universal life rules
  • Bad faith
  • Economic loss from increased charges or policy lapse

Signs You May Be Affected

  • You own an Equitable or AXA universal life policy.
  • Your COI charges increased.
  • You received a notice about changes to monthly policy charges.
  • Your policy value declined unexpectedly.
  • You had to pay more to avoid losing coverage.

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.

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