Transamerica Life Canada

Transamerica Life Canada

LINCOLN NATIONAL LIFE INSURANCE COMPANY, Plaintiff-Appellee, v. TRANSAMERICA LIFE INSURANCE COMPANY, Western Reserve Life Assurance Co. of Ohio, and Transamerica Financial Life Insurance Company, Defendants-Appellants. In an action life insurance lawyer brought on behalf of a client who lost her business in a fire, in 2014, we were able to secure a jury verdict finding the insurance broker negligent in undervaluing the client’s property and failing to procure adequate insurance coverage.

The district court construed the last step of claim 35 of the ‘201 patent to mean at the regular intervals required by the plan, paying the scheduled payment to the owner for the period of benefit payments, even if the account value is less than the scheduled payment amount or zero before the payments guaranteed under the plan have been made,” but not to require actual exhaustion of the account value.

Many of us don’t like to think about life insurance because it means we have to think about loss; however, life insurance is an important product for parents and spouses to consider purchasing in order to ensure that after their passing, their loved ones will be protected against sudden financial hardship.

However, reports have surfaced indicating that over 80 major life insurance companies aren’t maintaining adequate reserves, and are instead manipulating their financial solvency through dealings with other companies in transactions referred to as financial alchemy.” It is believed that this practice may even extend beyond these 80 companies to the point of being virtually industry-wide.

Call for a free consultation if you have any questions about a life insurance claim with MetLife, Prudential, Hartford, New York Life, Lincoln National, John Hancock, Jackson National, Transamerica, Unum, Sun Life, Genworth, Transamerica Life, Mutual of Omaha or any one of the many other life insurance companies.