We buy life insurance policies for one reason: to protect our family’s financial future in the event of our death. We need to know that our loved ones will be taken care of after we’re gone, and life insurance policies are designed to provide that peace of mind. Unfortunately, some insurance companies are taking advantage of Nashville policyholders who have paid premiums for years. They do so by significantly increasing premium amounts out of the blue, leaving policyholders with one of three options:
- Cancel the policy.
- Pay the increased premiums for the exact same policy.
- Wipe out the accumulated funds.
None of these options allow you to provide for your family long-term, leaving you back at square one. Fortunately, there’s a fourth option: call a lawyer. At Ponce Law, we stand up to life insurance companies that think they can take advantage of Nashville policyholders with skyrocketing premiums. It’s called life insurance fraud, and we won’t let them get away with it.
If you’ve received notice that your universal life insurance premiums are going up, call our Nashville life insurance fraud lawyers today for a free consultation. You may be entitled to significant compensation for an insurance company’s wrongdoing, and we’ll fight to get it for you.