Transamerica Sued Over Marijuana-Linked Claim Denial
October 17, 2023 by Allison Bell
A new Illinois state court case raises questions about whether leaving information about occasional marijuana use off a life insurance application is a serious enough omission to invalidate coverage.
Ashley Merced, the beneficiary of a $250,000 policy insuring the life of her mother, Yvette Nieves, sued Transamerica Life Insurance Co. over the death benefits. Transamerica Life declined to comment on the suit, filed recently in a Chicago court.
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Originally Posted at Think Advisor on October 12, 2023 by Allison Bell.
Categories: Industry Articles