For individuals with a New York mailing address who were charged an additional rate or fee by Northwestern Mutual Life Insurance Company between June 21, 2016 and May 28, 2020, then you are eligible for a potential award from the New York Northwestern Mutual Life Class Action Lawsuit!
According to the lawsuit, plaintiffs financial institution in August 2019. In their complaint, they alleged that they and other insurance service account holders had been issued insurance fees based on how they paid their monthly premiums, in violation of New York state law. Northwestern Mutual Life denies all acts of allegations, however, they have agreed to settle the class-action lawsuit in order to avoid the further risk and cost of ongoing litigation.
So if you are eligible, file a claim by November 20, 2020 to receive your potential award!
Northwestern Mutual Life Lawsuit
- Claim Form Deadline: November 20, 2020
- Who’s Eligible: Class Members include individuals with a New York mailing address who were charged an additional rate or fee by Northwestern Mutual Life Insurance Company between June 21, 2016 and May 28, 2020. Class Members can be both current and former insurance service account holders
- Estimated Amount: TBD
- Class Member awards will be determined by calculating the total service charges assessed by Northwestern Mutual between June 21, 2016 and May 28, 2020, for mailed premium payments.
- This amount will be subtracted from the settlement amount and divided between all of the Class Members.
- Current account holders will automatically receive a credit award.
- Class Members with closed accounts will receive a check if they submit a valid claim form on time
- Proof of Purchase: For Class Members who must submit a claim form, a Claim ID number or additional information must be provided on the form
- Case Name & Number: Russett, et al. v. Northwestern Mutual Life Insurance Company, Case No. 7:19-cv-07414-KMK, in the U.S. District Court for the Southern District of New York
(Click here to file a claim)
How To File a Claim
- Head over to the Northwestern Mutual Life Claim Form.
- Look over the claim form to see if you are eligible.
- Complete the claim form with your information.
- Submit your claim by November 20, 2020 to receive your potential award!
Bottom Line
For individuals with a New York mailing address who were charged an additional rate or fee by Northwestern Mutual Life Insurance Company between June 21, 2016 and May 28, 2020, then you are eligible for a potential award from the New York Northwestern Mutual Life Class Action Lawsuit!
According to the lawsuit, a $1 Northwestern Mutual Life Insurance fee was added to the premiums account holders paid by check rather than monthly scheduled electronic funds transfer. The plaintiffs claimed this policy violated New York business law that prohibits fees based on payment by U.S. mail.
So 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!
The post New York Northwestern Mutual Life Insurance Fees Class Action Lawsuit appeared first on Hustler Money Blog.