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$57M Transamerica Life Insurance rate increase class action settlement
Summary
Transamerica Life Insurance has agreed to a $57 million class action settlement over allegations it raised the cost of insurance on certain life insurance policies without proper notice.... Read More The post $57M Transamerica Life Insurance rate increase class action settlement appeared first on Top Class Actions.
Read full article →Eligibility
The class action settlement benefits individuals and entities who currently own or formerly owned a policy issued under certain Transamerica products for which the company sent written notice of cost of insurance rate or monthly deduction rate increases in 2022 or 2023. Potential Award At least $200 Proof of Purchase N/A Claim Form Deadline 05/30/2026 Case Name Estate of Handorf, et al. v. Transamerica Life Insurance Company , Case No. 2:23-cv-00032-CJW-MAR, in the U.S. District Court for the Northern District of Iowa, Cedar Rapids Division Final Hearing 07/13/2026 Settlement Website HandorfCOIClassAction.com Claims Administrator TLIC MDR Settlement c/o Settlement Administrator P.O. Box 2522
Potential Award
$57 million Nationwide Status: In progress Estate of Handorf, et al