Insurance 101 – Chapter 15 – Volume 49 – More Viatical Fraud

More Viatical Fraud

In Wuliger v. Manufacturers Life Insurance Co., 567 F.3d 787 (6th Cir 05/28/2009) the problem with Viatical sales resulted in insurance fraud. Liberte, a company  engaged in buying Viatical policies allegedly colluded with the three viators and was claimed to be part of a larger scheme in which Liberte fraudulently procured viators’ insurance policies and sold them to almost three thousand investors, who collectively invested almost $100 million in Liberte.

The following video was adapted from my book, “Insurance Claims A Comprehensive Guide” Published by the National Underwriter Company and is available at the Zalma Insurance Claims Library

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The author and publisher disclaim any liability, loss, or risk incurred as a consequence, directly or indirectly, of the use and application of any of the contents of this blog. The information provided is not a substitute for the advice of a competent insurance, legal, or other professional. The Information provided at this site should not be relied on as legal advice. Legal advice cannot be given without full consideration of all relevant information relating to an individual situation.


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