Ailing man's life insurance policy canceled after decades of payments
Lawsuit accuses company of unjust enrichment, bad faith
A Turner County woman is accusing a New York insurance company of revoking her ailing father’s life insurance policy after the family had spent decades paying premiums on the policy.
Brandy Lima of Marion is suing Equitable Financial Life Insurance Co. along with her mother, Marjorie Hofer of Freeman. They are representing Donald Hofer, Marjorie’s husband.
In 1989, Donald Freeman bought a life insurance policy from Equitable, and made monthly premium payments, the lawsuit says. In 2013, Donald was diagnosed with dementia and began receiving care in a nursing home.
Lima became the owner of the policy in 2021. Donald was still the insured and her mother was named as the beneficiary.
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