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Transamerica Life Insurance

Transamerica Life Insurance is offering at least $200 to eligible policyholders in a $57 million class action settlement concerning alleged improper rate increases.

ClosedUnited States-wideClaim status: Closed on May 30, 2026Payout: $200No longer claimable

About this settlement

Allegations of improper rate increases on certain Transamerica Life Insurance policies.

This settlement resolves claims that Transamerica Life Insurance improperly increased the cost of insurance or monthly deduction rates on certain policies without adequate notice. Eligible policyholders may receive at least $200.

Who qualifies

  • Individuals and entities who currently own or formerly owned a policy issued under certain Transamerica products.
  • Policies that received written notice of cost of insurance rate or monthly deduction rate increases in 2022 or 2023.

$200

Claim status: Closed on May 30, 2026

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