Federal Appeals Court Rules on How to Read a Life Insurance Policy
January 22, 2025 by Allison Bell
The 8th U.S. Circuit Court of Appeals has issued a ruling that could affect how life insurers set cost-of-insurance charges for holders of universal life insurance policies.
A three-judge panel issued the ruling in connection with Christopher Meek v. Kansas City Life Insurance Company, a class-action suit filed in 2019.
In 2023, a federal district court judgment rejected Kansas City Life’s reading of policy provisions that describe how the company will calculate the cost-of-insurance charges that the policyholders pay.
Originally Posted at Think Advisor on January 16, 2025 by Allison Bell.
Categories: Industry Articles