Status: closed

Fidelity and Guaranty Life Insurance Company (Life Insurance)

Defendant: Fidelity and Guaranty Life Insurance Company

Consumers who purchased an Indexed Universal Life Insurance Policy (“IUL Policy”) issued by Fidelity and Guaranty Life Insurance Company or OM Financial Life Insurance Company between January 1, 2007 and March 31, 2014 may be eligible for either Interest Enhancement or cash refund.   Consumers with an active IUL policy as of March 31, 2014 may be eligible to receive Interest Enhancement.   Consumers with an inactive IUL Policy as of March 31, 2014 may be eligible for up to 60% of the surrender charge that was paid when the IUL Policy was surrendered or lapsed.  The company reached a settlement over allegations of misrepresenting the IUL Policy as investments and failing to adequately describe the costs, benefits and terms of the IUL policies.

Claim deadline: Thursday, 02 October 2014.