The Sheller Law Firm P.L.L.C.

Personal Injury - Life Insurance Sales Fraud - DWI Defense - Class Action - Legal Malpractice

Life Insurance Sales Fraud

Life insurance sales fraud is a practice area that The Sheller Law Firm has a good deal of experience with as can be seen from many of the news stories found under the “News” tab.

LIFE INSURANCE SALES FRAUD

In the 1980’s and 1990’s when there were high interest rates many insurance companies began to advertise and illustrate these high interest rates without adequate disclaimers that if rates came down, your premiums could increase greatly.

Many insurance companies designed the policies with the high interest rates in mind and the policies were underfunded. In other words when the person reached old age, the rates could climb exponentially.

For example, Farmers Insurance sold FUL policies and the cost of insurance on a $50,000 policy would be $285,000 from ages 80 to 100.  These policies were sold from 1984 to 1996.

This might be a violation of numerous consumer laws.

BAD FAITH  INSURANCE CASES

These cases are brought against your insurance company for a failure to pay a claim when it is reasonably due.  This is the general gist of the statute. Once again the Texas Courts of Appeal have made it very hard to win these types of cases.

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If you think you might benefit from legal counsel, now is the time to contact The Sheller Law Firm. And remember, don't sign anything at all until you get our legal advice. The information presented in this website should not be construed to be either formal legal advice nor the formation of an attorney/client relationship. It is the policy of The Sheller Law Firm that all clients of the firm must sign an engagement agreement stating the terms of the firm’s engagement to provide legal services. In the absence of an agreement signed by you and a representative of the firm, and the payment of any required retainer (if applicable), you should not expect that the firm is representing you, nor undertaking any obligation to act or refrain from acting on your behalf.