Conseco Lifetrend Insurance
From news reports:
"Citing allegations of mismanagement, the Florida Office of Insurance Regulation has ordered Conseco Life Insurance Co. to show cause to the Office why it should not suspend or revoke the company’s license.
"In addition to the allegation of mismanagement, the Order to Show Cause also alleges that the unit of Carmel, Ind.-based Conseco Inc. misled Florida consumers and withheld from the Office information vital to performance of its regulatory duties.
“Florida consumers deserve to know that the insurance company they are dealing with is being honest with them and that the life insurance they are paying for will be available to their loved ones when they need it,” says Florida Deputy Insurance Commissioner for Life and Health Mary Beth Senkewicz. “I will not tolerate this type of mismanagement and failure to keep policyholders and the Office informed of such egregious issues.”
"Over a three-year period, from 2006 to present, Conseco Life is alleged to have misled policyholders by issuing annual statements to them that failed to indicate that their Lifetrend policies were under-funded, or that Conseco believed policyholders should be paying additional expenses or costs related to their policies."
If you have purchased Conseco Lifetrend insurance, regardless of which state you live in, you should immediately contact the law firm of Audet & Partners, LLP to protect your legal rights. You may call us toll-free at 800-965-1461, or contact us via email via the simple form on the right hand side of this page.
Audet & Partners represents individuals, governmental entities, small businesses and institutional shareholders in product liability, tort, negligence, consumer, construction defect, investment fraud, securities, insider trading, antitrust, environmental, whistle blower, aviation and employment cases. In recognition of their outstanding abilities and commitment to the legal profession over the years, the firm and its members have served as Court-appointed Plaintiffs’ Counsel in dozens of federal and state cases throughout the United States.
