The settlement will benefit individuals who purchased life insurance Genworth sold and then substantially increased premiums on starting approximately 2012. You may be eligible for a potential award from the Genworth Life Insurance Company Class Action Lawsuit!
According to the class action, class members were not given sufficient information about how these premiums would increase over the years. So if you are eligible, file a claim by June 13, 2020 to receive your potential award!
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Genworth Life Insurance Company Class Action Lawsuit
- Claim Form Deadline: June 13, 2020
- Who’s Eligible: Class Members include “Policyholders of Class Policies excluding: (1) those Policyholders of Class Policies whose policies went into Non-Forfeiture Status prior to January 1, 2014; (2) those Policyholders of Class Policies that entered a Fully Paid-Up Status at any time up to the date the Class Notice is mailed; (3) any Policyholder whose Class Policy is lapsed and is outside any period Genworth allows for the Class Policy to be automatically reinstated with payment of past due premium, or whose Class Policy has otherwise terminated, as of the date of the Class Notice; or any Policyholder whose Class Policy is lapsed and is outside any period Genworth allows for the Class Policy to be automatically reinstated with payment of past due premium or has otherwise terminated, as of the date the Special Election Letter would otherwise be mailed to the Policyholder; (4) Genworth’s current officers, directors, and employees as of the date Class Notice is mailed; and (5) Judge Robert E. Payne and his immediate family and staff.”
- Estimated Amount: $100 credit to future premium payments or added to Class Members’ non-forfeiture option benefit pool.
- Proof of Purchase: No proof required
- Case Name & Number: Jerome Skochin, et al. v. Genworth Life Insurance Company, et al., Case No. 3:19-cv-00049-REP, in the U.S. District Court for the Eastern District of Virginia
(Click here to file a claim)
How To File a Claim
- Head over to the Genworth Life Insurance Company Claim Form.
- Look over the claim form to see if you are eligible.
- Complete the claim form with your information.
- Submit your claim by June 13, 2020 to receive your potential award!
Bottom Line
The settlement will benefit individuals who purchased life insurance Genworth sold and then substantially increased premiums You may be eligible for a potential award from the Genworth Life Insurance Company Class Action Lawsuit!
If you are eligible, file a claim by the deadline to receive your potential award! Don’t forget to take a look at our full list of Class Action Lawsuit Settlements!
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