Transamerica Sued Over Marijuana-Linked Declare Denial

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A brand new Illinois state court docket case raises questions on whether or not leaving details about occasional marijuana use off a life insurance coverage utility is a severe sufficient omission to invalidate protection.

Ashley Merced, the beneficiary of a $250,000 coverage insuring the lifetime of her mom, Yvette Nieves, sued Transamerica Life Insurance coverage Co. over the loss of life advantages. Transamerica Life declined to touch upon the swimsuit, filed lately in a Chicago court docket.

The coverage: Nieves, who purchased the coverage in August 2020, died of COVID-19 on Dec. 29, 2020.

Merced utilized for the coverage loss of life advantages.

In November 2021, Transamerica Life mentioned it had situated a medical report through which Nieves had acknowledged occasional marijuana use.

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