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Two Subsidiary Units of the Phoenix Companies Sued for Fraud

by markw

PHL Variable Insurance Company ("PHL") and Phoenix Life Insurance Company ("Phoenix") have been sued in lawsuits alleging, among other things, that the insurance companies targeted elderly individuals to purchase multi-million dollar life insurance policies with the false representation that the life insurance policies may be freely transferred or assigned. According to California attorney Gerald Kroll, this may be the largest life insurance litigation of its type...

Source: Two Subsidiary Units of the Phoenix Companies Sued for Fraud