The settlement will benefit anyone who owns or owned Universal Life 1, Universal Life 2, Universal Life 3, and/or Universal Life 4 life insurance policies issued or administered by USAA Life, or its predecessors in interest, that were in force on or after March 1, 1999. You may be eligible for a potential award from the USAA Cost of Insurance Class Action Lawsuit!
According to the class action, USAA Life’s “cost of insurance” charges violated the policies by basing the cost of insurance rates on impermissible factors and exceeding the fist amounts of maintenance, administrative, and expense charges. So if you are eligible, file a claim to receive your potential award!
USAA Cost of Insurance CAL
- Claim Form Deadline: N/A
- Who’s Eligible: Anyone who owns or owned Universal Life 1, Universal Life 2, Universal Life 3, and/or Universal Life 4 life insurance policies issued or administered by USAA Life, or its predecessors in interest, that were in force on or after March 1, 1999, subject to certain important exclusions. The estates of deceased individuals who would have been Class Members also are considered part of the Class.
- Estimated Amount: At least $50.
- Case Name & Number: Spegele, et al. v. USAA Life Insurance Co., Case No. 5:17-cv-967-OLG in the U.S. District Court for the Western District of Texas
(Click here to file a claim)
How To File a Claim
- Head over to the USAA Cost of Insurance Class Action Lawsuit.
- Read over the claim form to see if you are eligible.
- Complete the claim form with your info.
- Submit your claim form to receive your potential award!
Bottom Line
The settlement will benefit anyone who owns or owned Universal Life 1, Universal Life 2, Universal Life 3, and/or Universal Life 4 life insurance policies issued or administered by USAA Life, or its predecessors in interest, that were in force on or after March 1, 1999. You may be eligible for a potential award from the USAA Cost of Insurance 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! Be sure to give our list of No-Proof Class Action lawsuit to see other settlements you may qualify for.
The post USAA Cost of Insurance Class Action Lawsuit appeared first on Hustler Money Blog.