No Proof Required
Transamerica Life Insurance $57M Rate Increase Settlement
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Who Is Eligible?
You may be eligible to file a claim if you:
- You owned a Transamerica life insurance policy
- Your policy experienced rate increases during the relevant time period
- You received notices about cost of insurance rate changes
- Specific eligibility dates and policy types are still being determined
How Much Can You Get?
The total settlement fund is $57 million. The exact amount each eligible policyholder will receive depends on several factors, including the number of valid claims filed and the specific impact of rate increases on individual policies. Payment amounts will be calculated based on the settlement administrator's review of each claim. Details about the specific payout structure and individual compensation amounts are pending as the settlement terms are finalized.How to File Your Claim
Filing your claim is quick and easy:
- Gather your Transamerica life insurance policy documents
- Collect any notices you received about rate increases
- Review the settlement details once they become available
- Submit your claim before the deadline (to be announced)
- Download Class Action Buddy to help you file your claim easily and track your submission
💡 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 Transamerica Life Insurance $57M Rate Increase 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 Transamerica Life Insurance $57M Rate Increase 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 Transamerica Life Insurance $57M Rate Increase 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?
This $57 million settlement addresses allegations that Transamerica improperly increased rates on certain life insurance policies, potentially causing financial harm to policyholders.
How much money can I get from the Transamerica settlement?
The total settlement fund is $57 million. Individual payouts will depend on factors like the number of claims filed and how the rate increases affected your specific policy.
Do I need proof to file a Transamerica settlement claim?
You'll likely need your life insurance policy documents and any notices about rate increases you received from Transamerica. Specific documentation requirements are still being finalized.
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