Security Life of Denver Insurance Cost/Premium Increase Investigation
Squitieri & Fearon, LLP is investigating possible claims for a class action against Security Life of Denver Insurance Company for increasing its cost-of-insurance, especially for certain universal life policies. We are investigating whether Security Life is charging more than it should for the cost of insurance or deducting from the cash value of the policies more than it is entitled to deduct, causing the cash value to decrease and sometimes causing the policies to lapse or to be cancelled because the costs became so expensive.
This has happened mostly with the Company’s universal life policies, such as the Strategic Accumulator Universal Life policies and its Life Design Guarantee Universal Life policies. Security Life sent letters beginning in September 2015 announcing the cost increases.
If you or someone you know has a universal life policy with Security Life of Denver and would like to learn more about our investigation, please fill out our online form, or contact Stephen J. Fearon, Jr. at stephen@sfclasslaw.com or by phone at (212) 421-6492.