Iowa widow claims premium-financed IUL plan jeopardized family farm
April 30, 2026 by John Hilton
Wink’s Moore on the Market: Man, Pacific Life just cannot catch a break!
This time, in my back yard.
Here’s the latest lawsuit, where Ameritas is also named as a defendant.
Premium financing cases CAN and DO go wrong.
In this case, a widow may loose the farmland that she and her late husband owned. -sjm
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An Iowa widow has filed suit against a longtime insurance advisor and two life insurers, alleging a complex estate-planning strategy using premium-financed life insurance left her family’s debt-free farmland at risk of catastrophic loss.
The lawsuit, filed on behalf of Florence Beek in state court, claims that her advisor, along with Ameritas and Pacific Life, sold the Beek family tens of millions of dollars in indexed universal life insurance that far exceeded any legitimate estate-tax need while generating large commissions. Read at INN
