Transamerica Life Insurance Policies Increase in MDR Settlement

Transamerica Life Insurance Company is putting up $88 million to settle a class action alleging that the company improperly raised the Monthly Deduction Rate (MDR) on certain of its life insurance policies. The complaint alleged that the increases were not allowed under the terms of the policies. The policies in question were the TransUltra 115  Read more

The Transamerica Building in San Francisco

Wilco Life Insurance Improper Cost of Insurance Increase Class Action

Insurance companies are limited in their ability to raise rates on their existing policies. In this class action, the complaint alleges that Wilco Life Insurance Company improperly imposed a rate increase on Form CLIC-3002 policies. The complaint alleges, “Wilco breached the implied and express terms of the policies and misleadingly stated that the increases were  Read more

Hundred Dollar Bill Folded as a Roof Over Paper Family

Wilco Life Insurance Policy Termination California Class Action

A number of recent class actions have involved the legal requirements for the lapse or termination of life insurance policies under California laws. This is because life insurance works best for the policyholder when it’s a long-term investment. In this case, the defendant is Wilco Life Insurance Company, which the complaint claims violate California safeguards  Read more

Magnifying Glass Lens Enclosing Words "Life Insurance"

US Financial Termination of Life Insurance Policies Class Action

Life insurance is generally held long-term. The complaint for this class action alleges that US Financial Life Insurance Company terminated the policies of certain classes of policy holders without proper notice as required by the California Insurance Code.  Read more

Family Under Umbrella Labeled Life Insurance