InsuranceNewsNet Highlights RP Legal’s Work Exposing IUL Abuses and Helping Victims Nationwide
Robert Rikard, founding attorney of RP Legal LLC, was recently featured in a nationally recognized insurance publication for his work uncovering the dangers of Indexed Universal Life (IUL) policies sold as retirement plans. In the article, published by InsuranceNewsNet, Rikard criticized insurers and agents for pushing “incredibly complex” and risky IUL-based strategies that have cost investors their life savings.
The piece shines a national spotlight on RP Legal LLC’s groundbreaking work in IUL litigation, with Rikard sharing firsthand insights from years of representing clients defrauded by agents, financial advisors, and life insurance companies.
The article discusses how insurance agents often pitch IULs using misleading illustrations and unrealistic projections of tax-free retirement income. In many cases, policyholders are led to believe that after just a few years of funding the policy, they will never need to pay premiums again. But when costs rise and index performance falters, the strategy collapses—leaving clients with debt, tax exposure, and failed retirement plans.
“These products are marketed as easy and low-risk, but the reality is that they are complicated, opaque, and dangerous,” said Rikard in the interview. “Our firm has helped hundreds of families recover losses from these policies. The damage is real, and so is our commitment to accountability.”
RP Legal LLC is the national leader in lawsuits involving IULs marketed as retirement plans, tax shelters, or loan-based income tools. The firm has recovered tens of millions of dollars for victims across the country and continues to fight on behalf of retirees, professionals, and business owners who were misled.
Learn more from Insurance News Net.