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Transamerica is going through a lawsuit involving a long-term care insurance coverage policyholder who accepted a advantages buyout provide, then died earlier than the insurer paid for the buyout.
Russell Kozey, the executor for the property of Patricia Kozey, filed the swimsuit just lately in a state court docket in Milford, Connecticut.
Kozey purchased the coverage in 2000. Transamerica provided to purchase the coverage again in September 2022. Kozey accepted the provide, and Transamerica agreed to pay her $63,324.56.
“The defendant’s provide didn’t comprise every other important phrases,” in response to the criticism.
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