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Appeals court considers whether Unum must continue COLA increases after 65
Summary
Panel heard competing contract readings in Mary Anne Bomba v. Unum: insurer says cost-of-living increases stop after the policy anniversary after age 65; insured's counsel says the rider and lifetime benefit must be read together to continue adjustments until contractual cap. Court reserved decision.
The panel next considered an insurance-contract dispute in Mary Anne Bomba v. Unum Life Insurance Company of America (docket 24P946) over whether cost-of-living adjustment (COLA) increases continue after the policy anniversary occurring after the insured’s 65th birthday.
Counsel Joseph Hamilton for Unum explained the policy architecture: a base policy with…
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