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Understanding 419 Litigation

Understanding 419 litigation

419 Litigation – You Think that You Know Agents & Insurance Companies? Think Again!

Did you purchase an IRC 419 Employee Welfare Benefit Plan, a 412(i) plan, Section 79 or any other captive insurance plan?  After the fact of being told that the contributions were fully deductible from federal and state income taxes. Then you find out later that this was not the case. 419 Litigation

Have you purchased a trust unnecessarily funded with substantial amounts of life insurance because you were told you could build up cash value tax-free and then have use of the funds tax-free? If you have been misled about information regarding your employee welfare benefits, you may have been the victim of 419 and 412 plan fraud.

When consumers are misled and given false information by insurance brokers, they have the right to sue the fraudulent agents and insurance company that sold the plan.