NAPLES,
Fla., June 18, 2024 /PRNewswire/ -- Earlier this
month, Vernon Litigation Group filed claims on behalf multiple
clients against Pacific Life Insurance Company, one of the largest
life insurance companies in the United
States.
The lawsuit alleges that Pacific Life misled the
insureds in connection with promoting and selling indexed universal
life ("IUL") insurance policies known as the "Pacific Discovery
Xelerator IUL Policy" ("PDX Policies"). The lawsuit goes on to
allege that, because of Pacific Life's deceptive
conduct (and the onerous surrender terms that make it hard to
cancel the policies), purchasers of PDX Policies are forced to pay
hidden costs which drag down policy values.
As set forth in detail in the Complaint filed by the attorneys
at Vernon Litigation, PDX Policies are virtually impossible for
consumers to understand.
The Complaint goes on to allege that Pacific Life
took advantage of the complex nature of the PDX Policy to deceive
consumers and gain a market advantage.
If you or someone you know has been inappropriately pitched and
sold significant amounts of life insurance, please contact Vernon
Litigation Group today. Our financial litigators are available to
discuss your case in a no-cost, confidential
consultation.
Vernon Litigation Group is based in Naples, Florida, and has been successfully
represent clients throughout the United
States against insurance companies, trust companies, banks,
and investment firms for decades. Visit our website at
http://www.vernonlitigation.com/ or contact Vernon Litigation
Group by phone at 1-877-649-5394 or by e-mail
at info@vernonlitigation.com to speak with a
representative of Vernon Litigation Group.
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SOURCE Vernon Litigation Group