Liberty National Life Insurance Company LNLIC Reasons to Avoid the Company
Liberty National Life Insurance Company (LNLIC) is a subsidiary of the Torchmark Corporation, an American holding company that specializes in life insurance. The company was founded in Birmingham, Alabama, in 1900 as the Heralds of Liberty, and has been a leading life insurance provider in the state for over 100 years. In the late 1940s, the company purchased a majority interest in Brown-Service, a home service company. The company also bought Family Reserve Insurance Co. and the Liberty National Group, an Atlanta-based mutual insurance provider.
After receiving medical records on four African American policyholders, Liberty National found that they had discriminated against them by selling industrial life insurance policies with higher premiums and lower benefits. They had been targeting low-income African Americans for decades, and the company continued to collect premiums on these policies for almost two decades after the lawsuit was filed. The complaint cites various state laws and SS 1981, which prohibits racial discrimination in contractual relationships.
Despite bmw i3 insurance cost and 1982, Liberty National has had a high number of complaints about the company. Although the insurance company's parent company, Globe Life, has received an impressive number of customer complaints, its lack of online tools make it difficult for prospective customers to compare rates and policies. Fortunately, Liberty National has a large network of agents, so it is easy to find an agent in your area who can provide personalized advice. If you're not comfortable with dealing with a large, impersonal website, it may be better to look for another life insurance provider.
In addition to these concerns, Liberty National also argues that the two-year statute of limitations applies to lawsuits against the company. The law enacted in Alabama, Section 27-12-11, prevents insurers from discriminating against persons with the same life expectancy and age. It also reverse-preempts several other provisions of the McCarran-Ferguson Act, codified at 15 U.S.C. SS 1012.
The Liberty National lawsuit also has an interesting history. Unlike most other insurance companies, Liberty National has been around for many years, and it is a solid company with strong reputations in the community. However, it is not the only reason for complaints against the company. Listed below are a few reasons why the firm is a solid choice for your insurance needs. It has a good reputation in Birmingham, Alabama.
SSSS 1981 and 1982, which Liberty National says thwart Alabama's carefully crafted scheme of insurance regulation, were passed in the 1950s. The law prohibits unfair discrimination between individuals of similar life expectancy, and allows insurers to deny benefits to individuals who would otherwise qualify. The SSSS rules were a problem for this company, but Liberty National did not allow it to sue the company.
Liberty National argues that the SSSS 1981 and 1982 thwart the Alabama statute of limitations, which prevents plaintiffs from bringing such a suit. The company also argues that the statute of limitations on such claims is two years old, and that the plaintiffs have a longstanding history of discrimination. The court has yet to make a decision on whether the SSSS is valid or unconstitutional.
While it's impossible to determine the amount of money the insurance company pays to settle a class action, Liberty National's size and reputation make it one of the most prominent insurance providers in the Southeast. Its parent company, Globe Life, is a well-regarded leader in the insurance industry. In the past, the Alabama Supreme Court has ruled that the federal statute of limitations for discrimination prohibits unfair discrimination in the provision of life insurance.
Liberty National has been serving Alabama residents for nearly 100 years. Its logo has been seen on countless newsreels in the 1950s. In addition to this, it is a top-ranked company in the state of Alabama. Its reputation has spread to other states. It has offices in Birmingham, and Houston. Its headquarters are located in McKinney, Texas.
