A disctrict judge has cleared National Life in lawsuit cenring on an indexed universal life (IUL) product linked to an index hedged by Société Générale.
A Vermont judge has ruled in favour of National Life-affiliated companies in a lawsuit challenging the performance and marketing of its indexed universal life (IUL) policy that credited 0% interest over a one-year period. Vermont's chief district judge Christina Reiss granted the summary judgment involving claims of breach of contract, deception and racketeering, according to a court ruling on 5 January. The case was brought by Sanya Virani, who purchased an IUL policy in September 2023 The