Attorney Advertising. Keller Rohrback L.L.P. (www.erisafraud.com)
announces that it is investigating several national life insurance
companies, including MetLife, Inc. (MET) and Prudential Financial,
Inc. (PRU), as well as Genworth Financial Inc., Guardian Life
Insurance Co. of America, New York Life Insurance Co., Northwestern
Mutual Life Insurance Co., and Unum Group, regarding retained asset
accounts the companies maintain on behalf of life insurance
beneficiaries. The investigation centers on claims that certain life
insurance companies are improperly profiting through these accounts by
issuing what look like checkbooks to beneficiaries instead of promptly
paying lump sums, which delays the issuance of full death benefits.
These “checkbooks” draw on money held by the insurance companies in
accounts that continue to earn interest for the insurance
companies—money that belongs to the beneficiaries of the deceased.
Various reports allege that MetLife, Prudential, and other life
insurance companies, may have violated the Employee Retirement Income
Security Act (“ERISA”), engaged in additional illegal breaches of
fiduciary duty, or violated other laws by delaying direct payment of
death benefits to beneficiaries and by failing to inform beneficiaries,
and others, that the companies are earning five to ten times as much
interest as what they are paying the beneficiaries. Additionally,
account holders may not be fully informed regarding the terms of the
retained asset accounts or that the funds held in the account are not
insured by the FDIC.
If you are a beneficiary of a life insurance policy and your benefit is
held in a retained asset account at MetLife, Prudential, or another life
insurance company, please contact paralegal Jennifer Tuato’o or
attorneys Gretchen Obrist, Laura Gerber, Gary Gotto or Lynn Sarko at 800.776.6044
or via email at info@kellerrohrback.com.
Keller Rohrback, with offices in Seattle, Phoenix, and New York, is one
of America’s leading law firms handling ERISA litigation and related
fiduciary breach claims. We are committed to helping individuals protect
their savings and other benefits. Keller Rohrback has successfully
provided class action representation for over a decade. Its litigators
have obtained judgments and settlements on behalf of clients in excess
of seven billion dollars.
Attorney Advertising. Prior Results Do Not Guarantee A Similar Outcome.
