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Jan 8, 2014 by |

Midland National Life Insurance Company and North American Company for Life and Health Agree to Settlement Regarding Life Insurance

ATTORNEY NEWSLETTER

Midland National Life Insurance Co. and North American Company for Life and Health Agree to a Multi-State Settlement Regarding Life Insurance Practices.  This was a multi-state examination that included Florida, California, Illinois, Iowa, New Hampshire, North Dakota, and Pennsylvania.  The settlement requires Midland National Life Insurance Co.’s and North American Company for Life and Health’s use of the Social Security Administration’s Death Master File to attempt to locate possible beneficiaries that may have unclaimed property.  Midland National Life Insurance Co.’s and North American Company for Life and Health are taking “state of the art” steps to make sure that life insurance benefit payments are made as promptly as possible. The states involved worked together to examine the companies’ practices and dozens of other life insurance companies entered into similar agreements including Aviva USA (Aviva Life and Annuity Company formerly known as American Investors Life Insurance).

California attorneys are keeping a close eye on life insurance companies.  Evans Law Firm, Inc. handles annuities fraud, consumer fraud class actions, insurance and banking fraud, whistleblower/false claims, consumer product liability, elder abuse, and personal injury cases.  If you think that you have witnessed or are the victim of financial fraud by an insurance company bank or individual or have been sold a deferred annuity that you want reviewed to make sure it is legally appropriate for you, contact California deferred annuities attorneys, Evans Law Firm, Inc. at (415) 441-8669 for a free and confidential consultation, or email info@evanslaw.com.

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