InsuranceNewsNet Spotlights RP Legal’s Role in Exposing Risks of Indexed Universal Life Sales
A nationally circulated article from InsuranceNewsNet recently profiled the growing legal scrutiny around Indexed Universal Life (IUL) insurance products and prominently featured RP Legal LLC for their pioneering work representing victims of failed IUL strategies. The article, titled “The IUL Conundrum: Big Sales and Big Problems,” highlights the systemic issues behind the explosion of IUL sales—and the wave of litigation that has followed.
Robert Rikard, founder of RP Legal LLC, was quoted in the piece explaining how agents and marketing organizations often pitch IULs as retirement solutions, hiding their risks behind overly optimistic illustrations and vague descriptions. “Clients don’t understand what they’re buying, and that’s by design,” Rikard noted.
The article details how RP Legal LLC has represented clients nationwide who were misled into believing their IUL policy would generate tax-free income, never lapse, and outperform traditional retirement vehicles. In reality, clients faced massive premiums, policy loans that spiraled out of control, and collapsing cash values.
“You cannot sell a highly complex, performance-based insurance product with an ‘easy retirement’ story and no disclosures,” said Rikard. “These families deserve justice—and we intend to get it.”
RP Legal LLC has become the most trusted name in IUL litigation, recovering over $70 million for clients to date. Their deep understanding of IUL structures, premium financing, and misleading marketing practices has made them the go-to firm for victims of IUL abuse across the country.