New York Life Faces Life Cost-of-Insurance Suit Tied to Tax Law Change
October 22, 2025 by Allison Bell
The owner of a universal life insurance policy is suing a subsidiary of New York Life Insurance Co. over the policy’s cost-of-insurance charges.
The policy owner, Timothy Toolan, says the New York Life subsidiary, New York Life Insurance and Annuity Corp., failed to incorporate the impact of the Tax Cuts and Jobs Act of 2017 on the performance of the policy.
Originally Posted at Think Advisor on Oct 15, 2025 by Allison Bell.
Categories: Industry Articles
