Transamerica $110M Life Insurance Class Action Settlement
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About This Settlement
Transamerica $110M Life Insurance Class Action SettlementIndividuals who had a Transamerica direct recognition life policy in effect on Jan. 1, 2016, may qualify to claim a payment from a class action settlement.Transamerica $110M Life Insurance Class Action SettlementWeekly NewsletterClass actions settlements delivered to your inbox.Thank you! Check your inbox for a welcome email.Oops! Something went wrong while submitting the form.William C. GendronEditor in ChiefPublishedAugust 21, 2026 6:23 PMUpdatedAugust 24, 2026Join the DiscussionIndividuals who owned or currently own a Transamerica Life Insurance Co. universal life insurance policy known as Direct Recognition Life 10 or Direct Recognition Life 11 that was in effect on Jan. 1, 2016, may be eligible to receive a cash payment from a $110 million award from a class action settlement.Transamerica agreed to pay $110,000,000 to settle a class action lawsuit alleging the company failed to properly credit certain cash value increases (CVIs) to eligible Direct Recognition Life (DRL) insurance policies and did not act in good faith regarding those credits. Who is eligible for a settlement payout?Class members must meet all the following criteria:They own or previously owned a Transamerica universal life insurance policy that was in effect on Jan. 1, 2016.The policy 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.The policy was established and defined by a group master policy, group insurance certificate and issue illustration.How much is the class action payment?Pro rata cash payment: Eligible class members can receive a pro rata cash payment of $100 or more, for each qualifying policy, from the net settlement fund. The final payment amount will be determined by the court-approved plan of allocation.Other settlement benefits:Transamerica has agreed not to rescind, revoke or reverse certain credits paid under the bonus crediting project.
How to File Your Claim
- 1Verify your eligibility
Review the settlement details above to confirm you meet the criteria.
- 2Visit the official claim form
Always file through the official settlement administrator website.
- 3Submit before the deadline
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Frequently Asked Questions
How much can I get from the Unknown settlement?
Payout amounts have not been finalized yet. Check the official settlement page for updates.
What is the deadline to file a claim?
The claim deadline has not been announced yet. We recommend tracking this settlement to get notified when it opens.
Do I need proof to file a claim?
No proof of purchase is required for this settlement. You can file a claim without documentation.
How do I file my claim?
Visit the official settlement administrator website to submit your claim. Always verify you are on the correct site before entering personal information.
Who is eligible for this settlement?
This settlement is available to eligible consumers in the United States. Check the official settlement notice for detailed eligibility criteria.
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