$110M Transamerica Life Insurance class action settlement
Who qualifies
The class action settlement benefits current or former owners of a Transamerica Life Insurance universal life insurance policy that was in effect on Jan. 1, 2016, and was known by the product names “Direct Recognition Life 10” or “Direct Recognition Life 11,” or by the attribute codes “DRL-10” or “DRL-11,” and that was established and defined by the provisions of a group master policy, group insurance certificate and issue illustration.
Where: Nationwide / see notice
Proof needed
N/A
About this settlement
Transamerica Life Insurance Co. agreed to a $110 million class action settlement to resolve claims that it failed to credit certain cash value increases to eligible Direct Recognition Life policies. The Transamerica settlement benefits individuals who own or owned a Transamerica Life Insurance universal life insurance policy that was in effect on Jan. 1, 2016, and was known by the product names “Direct Recognition Life 10” or “Direct Recognition Life 11,” or by the attribute codes “DRL-10” or “DRL-11.” Transamerica Life Insurance is a life insurance and financial services company that sells a…
Details
- Case
- Wren, et al. v. Transamerica Life Insurance Co. , Case No. 5:21-cv-00178-JGB-SP, in the U.S. District Court for the Central District of California
- Administrator
- Wren v. TLIC Settlement Administrator c/o JND Legal Administration
- Settlement fund
- $110M
- Seen on
- Discuss in
- Insurance · No Proof Needed
Settlement Owl is a discovery tool, not a law firm or settlement administrator. Eligibility is decided solely by the official class definition — confirm every detail on the official settlement website before filing. Payout figures are estimates set by the settlement and may be reduced pro rata.