TITLE

Insurers sued over reverse mortgages

AUTHOR(S)
Levin, Amanda
PUB. DATE
September 1998
SOURCE
National Underwriter / Life & Health Financial Services;9/14/98, Vol. 102 Issue 37, p28
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
1078658

 

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