According to the filing, Virani resided in Massachusetts when she purchased an IUL policy in September 2023 with a face coverage amount of $2,767,336. The lawsuit describes the US Pacesetter No Cap Annual Point-to-Point Indexed Strategy, to which Virani allocated 100% of her accumulated value.
Life Insurance Company of the Southwest hit with renewed lawsuit over ‘fraudulent sham’ index
By Awais
