No Proof Required
$57M Transamerica Life Insurance rate increase class action settlement
Not sure if this settlement applies to you?
Take our 60-second eligibility quiz to find every settlement you qualify for — including this one.
Who Is Eligible?
You may be eligible to file a claim if you:
- You held a Transamerica life insurance policy
- You experienced cost of insurance rate increases on your policy
- The rate increases occurred without what you believe was proper advance notice
- Specific policy types and date ranges may apply (details pending)
How Much Can You Get?
The total settlement amount is $57 million, which will be distributed among eligible class members. The exact amount each policyholder receives will depend on factors such as the type of policy you held, how much your rates increased, and how many people file valid claims. Individual payouts have not been specified at this time.How to File Your Claim
Filing your claim is quick and easy:
- Gather your Transamerica life insurance policy documents
- Collect records showing rate increases or cost changes
- Review any notices you received about rate changes
- Wait for the official claim form to become available
- Download the Class Action Buddy app to get notified when the claim period opens and to help file your claim easily
💡 Easier way: File with Class Action Buddy
Skip the paperwork. Our app auto-fills your claim form with your saved profile and submits it electronically in under 2 minutes.
Download for iPhone Download for AndroidFrequently Asked Questions
What is the deadline to file a claim for the $57M Transamerica Life Insurance rate increase class action settlement?
The current deadline to file a claim is May 30, 2026. Note: claims sent by mail must be postmarked by this date, and Class Action Buddy ships claim forms with a 7-day mailing buffer to ensure on-time delivery.
Do I need proof of purchase for the $57M Transamerica Life Insurance rate increase class action settlement?
No — this is a no-proof-required settlement. You can file a claim based solely on your sworn declaration without receipts, photos, or product packaging.
How do I file a claim for the $57M Transamerica Life Insurance rate increase class action settlement?
You have two options: (1) Use the free Class Action Buddy mobile app — set up your profile once and the app auto-fills the PDF claim form, captures your signature, and submits the claim by mail on your behalf. (2) File directly with the settlement administrator using the official claim form linked on this page.
What is the Transamerica life insurance settlement about?
Transamerica agreed to pay $57 million to settle claims that it improperly raised the cost of insurance on certain life insurance policies without giving policyholders adequate advance notice as required.
How much money can I get from the Transamerica settlement?
Individual payout amounts haven't been determined yet. The $57 million total will be divided among eligible class members based on factors like policy type and the amount of rate increases experienced.
When is the deadline to file a Transamerica settlement claim?
The claim deadline has not been announced yet. The settlement may still be pending court approval. Class Action Buddy will notify you when the claim period opens.
Ready to File Your Claim?
We're adding new settlements regularly. Download the app to get notified when this one is available.
Download Class Action Buddy →Get Notified About New Settlements
We find new class action settlements every week. Get alerts so you never miss free money.
No spam. Unsubscribe anytime. We respect your privacy.