News Headlines Article

Flaws can cancel life insurance — after death
Los Angeles Times

American General Life Insurance Co. markets its policies as protection for “the hopes and dreams of American families” — a promise Ian Weissberger took to heart during his losing battle with Lou Gehrig’s disease.

But after the Cathedral City mortgage broker died in 2005, American General cancelled his life insurance policy and refused to pay his widow the $250,000 benefit.

The Weissbergers’ premiums were paid up. There was no foul play suspected.

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