Policyholder Asks For Class Cert. In Suit V. Conseco

Law360, New York (October 7, 2009, 4:41 PM EDT) -- A 78-year-old retired professor has moved for class certification in a suit accusing Conseco Life Insurance Co. of neglecting to inform customers that their policies were underfunded before demanding that they pay more money or lose their benefits.

On Tuesday in the U.S. District Court for the Middle District of Florida, Bill W. McFarland asked for certification of a class of Lifetrend life insurance policyholders who chose to stop paying annual premiums under the policies' optional premium payment provision.

These class members also were told later...
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