National Life Group Pyramid Scheme Lawsuit: Policyholder Impact Now
The National Life Group (NLG) is embroiled in a class-action lawsuit alleging a pyramid scheme predominantly targeting immigrant communities. This article examines the allegations, their potential impact on policyholders, and actionable steps for those holding NLG insurance policies. Understanding the Allegations The lawsuit claims NLG’s agents prioritized recruiting new agents over selling insurance, creating a pyramid scheme structure. This allegedly resulted in misrepresentation and deceptive sales tactics, disproportionately affecting Vietnamese, Chinese, and Filipino communities....