Insurers sued over reverse mortgages

Levin, Amanda
September 1998
National Underwriter / Life & Health Financial Services;9/14/98, Vol. 102 Issue 37, p28
Reports that a class-action lawsuit in the United States has been filed against Transamerica Corp. and Metropolitan Life Insurance Co. Allegations of selling reverse mortgage products to the aged; Sale of reverse mortgage with the required purchase of a deferred annuity; Appeal of products to the aged; Advertising that products help seniors tap the equity in their homes.


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