Transamerica Life Insurance - Price Increases Class Action Settlement

About this settlement

The class action lawsuit alleges that Transamerica Life Insurance Company breached its contracts with certain Policyowners and improperly raised cost of insurance rates or monthly deduction rates on those policies. From 2022 to 2023, policyholders were issued letters announcing that their insurance policies would be subject to an increase in the COI rates or MDRs on their policies. Plaintiffs assert that these increases violated the terms of the Policyowners’ contracts and that they have been damaged as a result.

Who is eligible

No specific eligibility requirements listed. Review the official settlement terms for complete criteria.

Who is in the settlement class

Individuals who own or owned a Transamerica Life Insurance policy between November 1, 2021 and July 13, 2026.

What you'll need to file

• •Your full legal name, address, and contact info
• •No receipt required — self-attestation only.

Official settlement information

ClaimHawk is an independent service. Review the official settlement site for legally binding terms.