Richard Duhaime v. John Hancock Mutual Life Insurance Company

Analysis Group provided analytical support for settlement negotiations in a class action litigation concerning allegations about sales and marketing practices by insurance agents selling "vanishing premium" life insurance policies. These policies were sold to policyholders who wanted to offset future premiums using policy earnings. Our work involved analyzing data from multiple systems, including paper files, electronic transaction (loan and premium payment) records, and annual policy status records for more than 3 million potential class members.

We worked closely with in-house personnel as well as an actuarial consulting firm to estimate the cost of settlement. After extensive pretrial litigation, the case settled and was approved by the Federal Court. Analysis Group was subsequently retained by several large insurance companies involved in similar vanishing premium class action litigations, including Ohio National, The New England, National Life of Vermont, and the Knights of Columbus.