Shelter Life Insurance Co. Rate of Insurance Increase

August 4 2006

A class action lawsuit was filed on behalf of 45,000 current and former policy owners related to a cost increase on life insurance policies. The lawsuit claims Shelter raised cost of insurance rates purchased on or before December 31, 1991 and owned through January 1, 1992. The case also alleges Shelter covered up the increase and failed to disclose the change to policy owners.

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