Did your Ameriprise broker recommend you purchase a variable universal life insurance policy? Has that policy lapsed? If so Ameriprise might be liable for all of the premiums you’ve paid and potentially any surrender charges incurred. Ameriprise brokers nationwide heavily sold Variable universal life policy’s. These policies had very high fees and commissions associated with them. The large fees and commissions generated a very heavy incentive for Ameriprise brokerage to pedal them to unsuspecting clients. Multiple clients after a period of time we’re no longer able to afford the monthly payments on these pricey policies. This caused many of the policies to laspe and that resulted in the premiums paid to disappear. If you were an Ameriprise client and you were pitched a variable universal life insurance policy by your Ameriprise broker, please call our investment fraud law firm in Chicago, Illinois for a no-cost review by an attorney. We work on a contingency fee basis, so there are no fees unless we win and recover.
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