Lawsuit alleges companies collected $30 million in ‘illegal wager on human life’

By: Clark Kauffman

Outlets: Iowa Capital Dispatch

Published: September 24, 2026

Words: 906

Last Updated: 3 weeks, 3 days ago

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Another Iowa lawsuit has been filed based on claims of illegal wagering on people’s life expectancy through insurance policies.

The lawsuit involves the late George A. Neukom Jr. of Florida and two multimillion-dollar insurance policies that were allegedly taken out on Neukom’s life by people unknown to him. After Neukom died three years ago, a bank and two companies collected the policies’ death benefits. The lawsuit claims the estate is legally entitled to recover those …

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