Life insurance premium increases

[19babe31]

is my insurance company legally raising my premiums every six months via mortality rate increases. I live in Florida. I have a universal life for life policy.

 

[ALawyer]

Quite frankly, I think this may be a disguised effort to raise the one thing they can -- mortality -- in an efort to make higher profits and/or make up for lower interest rates and decreased investment returns on th underlying portfolio. And that is WRONG.

There have been a series of cases brought against insuers for doing that, and I know there are some Florida lawyers who are excellent at getting redress for people on this. What's the company?

 

[19babe31]

The Company is American General. I have already recieved a $1900+ payment from the class action suit that was against them. I think they are trying to recover that. At the rate they are going, I will have to sign my Social Security check over to them.
Are you saying I might be able to slow them down on this? I don't want to lose this policy as my wife is 100% disabled, and I need to leave her something.