Northwestern Mutual Life Insurance Company Payment Fee Settlement

Settlement Structure: Claims Made

Active: Open

Case Summary:

Northwestern Mutual Life Insurance Company will be paying well over half a million dollars to settle a class action alleging that it charged some customers extra fees, depending on the way they chose to pay their monthly premiums. The complaint alleges this is a violation of New York law.

Docket Number:

7:19-cv-07414-KMK

Company: Northwestern Mutual Life Insurance Company

Filing Deadline: November 20, 2020

Class Period: June 21, 2016 to May 28, 2020

Objection Deadline: August 3, 2020

Exclusion Deadline: August 3, 2020

Final Approval Hearing: October 6, 2020

Proof of Purchase:

The claim form does not ask for proof, but does state that documentation may be required at a later date. Presumably company records will be used for verification. Persons who still have an active account with Northwestern do not need to fill out a claim form. Those who have closed their accounts with Northwestern must submit a claim form.

Eligibility:

You may be eligible if you are a person with a New York mailing address and, between June 21, 2016 and May 28, 2020, Northwestern Mutual Life Insurance Company charged you an additional rate or fee or a different rate or fee depending on the method you chose for making payments.

Typical Settlement Amount:

Those with active accounts will receive their payments as a credit to their accounts. Those who have closed their accounts will receive their payments in the form of a check. Both groups will receive pro rata shares of the net settlement fund.

Total Settlement Amount: $595,000

Class Representative Proposed Incentive Fee:

Up to $5,000 each

Law Firm:
Bursor & Fisher

Claim Form: Insurance Service Charge Settlement Claim Form

Case Name: Russett, et al. v. Northwestern Mutual Life Insurance Company

Settlement Website: Insurance Service Charge Settlement Website

Claims Administrator:
JND Legal Administration

Claims Administrator Contact Information:

Insurance Service Charge Settlement
c/o JND Legal Administration
P.O. Box 91306
Seattle, WA 98111
info@InsuranceServiceChargeSettlement.com
1-833-928-2554

Tags: Charges Not Permitted by Law, Extra Charges, Insurance, Life Insurance