This case involves an alleged breach of contract by a major life insurance provider. The plaintiff was an owner of a universal life insurance product that featured a “cost of insurance” charge that is deducted from an account that the policy holder can deposit money into at will. It was alleged that the plaintiffs have been forced to pay unlawful and excessive COI charges by the defendant. Contracts for these life insurance policies specify that these costs are based on future mortality experience that were allegedly outdated. Since the time that these statistics were established, mortality projections have improved and people are living longer. Because of this, cost of insurance should be decreasing due to the fact that the defendants are paying off death benefits far less frequently.