A Life Insurance Company Pays Up

We came across some more Florida insurance news…

The article is about complaints regarding Lifetrend — an insurance company – specifically about their increased policy costs in 2008. Many of these policies are owned by Floridians. As a result of these complaints, Conseco — Lifetrend’s owner — has been forced to create a $10 million fund for many of its customers, along with a toll-free number for any questions policyholders have.

Fortunately, this is a Florida life insurance issue with a happy ending! And it’s not strictly for Floridians; California, Iowa, Indiana and Texas are states in which the fund is also being made available.