![]() ![]() Last year the Eighth Circuit Court of Appeals ruled in favor of a widower whose was denied life insurance benefits through a policy from Reliance Standard Life Insurance for a similar issue. Helping individuals and institutions improve their financial wellness through life & health insurance, retirement services, annuities and investment. Prudential Financial, its affiliates, and their financial professionals do not render tax or legal advice. Prudential Retirement Insurance and Annuity Company - California COA 08003. The Prudential Insurance Company of America - California COA 1179. ![]() ![]() In 2021, the Department of Labor reached a settlement with United of Omaha Life Insurance over a similar case where the company denied paying out a life insurance claim despite the policyholder paying into the plan for years. Pruco Life Insurance Company, an Arizona company - California COA 3637. This is not the first settlement or lawsuit regarding evidence of insurability issues in life insurance. Under the terms of the settlement, Prudential must pay out a life insurance claim if premiums were collected despite having no evidence of insurability, the Department of Labor said. According to the settlement, Prudential collected premiums on some of these participants going back in some cases to 2004, despite not having the appropriate form filled out.īetween at least 20, Prudential would then deny any claims on the life insurance policy, despite collecting premiums, citing a lack of “evidence of insurability” form. If you have a Username and Password for Prudential Life Insurance, Mutual Funds or Annuities, please enter them and click Login. ![]()
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