$110M Transamerica Life Settlement: No Claim Form Needed
By eosguide editorial · Last updated
Transamerica DRL life insurance settlement: $110 million fund, payments are automatic, no claim form. Opt-out and objection deadline is October 2, 2026. This is the rare settlement where the paperwork is the part you skip, so the main job is making sure your mailbox still works.
What happened
Class period: Policies in effect on January 1, 2016
- Two policyowners sued Transamerica Life Insurance Company (TLIC) in a class action called Wren, et al. v. Transamerica Life Insurance Company, Case No. 5:21-cv-00178-JGB-SP (C.D. Cal.)
- Plaintiffs allege TLIC failed to credit certain Cash Value Increases (CVIs) tied to Direct Recognition Life (DRL) policies and failed to act in good faith about those credits
- TLIC denies any wrongdoing and says it followed the policy terms and the law. The Court has not decided who is right
- Both sides agreed to settle to avoid the cost and delay of more litigation
- The settlement affects people who own or owned DRL-10 and DRL-11 universal life policies that were in effect on January 1, 2016
What you can get
Cash Payment
Share of $110 million fund
Amount depends on the value of your qualifying CVIs
Bonus Crediting Project
30-Year Guaranteed CVIs
Credits paid in 2025 and 2026 will not be reversed
40-Year Guaranteed CVI Benefit
Policy credit
For eligible policies still in force on their 40-year anniversary
Non-Contestability Benefit
Death claim protection
TLIC will not deny certain death claims over insurable interest or application issues
Key dates
| Action | Date | What it means |
|---|---|---|
| Claim deadline | No claim deadline. Payments are automatic. The October 2, 2026 deadline applies only if you want to opt out or object. Check https://www.wrencvisettlement.com/dates for updates. | Last day to file a claim |
| Opt out | October 2, 2026 | Keep your right to sue separately |
| Object | October 2, 2026 | Tell the court you disagree |
| Final hearing | November 9, 2026 at 9:00 a.m. Pacific | Judge decides whether to approve |
Who may qualify
- You own or owned a TLIC universal life insurance policy that was in effect on January 1, 2016
- The policy was named Direct Recognition Life 10 or Direct Recognition Life 11, or coded DRL-10 or DRL-11
- The policy was set up under a Group Master Policy, Group Insurance Certificate, and Issue Illustration
- You did not file a Request for Exclusion from the Settlement Class
- You are not TLIC, a TLIC officer or director, the presiding judge or his family, or an employee of Class Counsel
How to file
- No claim form is required. Eligible class members are paid automatically
- Confirm the Settlement Administrator has your current mailing address, since payment comes by check
- To update your address, email info@WrenCVISettlement.com or mail the administrator. Address changes cannot be made by phone
- Include the case name, Wren et al. v. Transamerica Life Insurance Company, plus your full name, current address, and previous address
- Do nothing else if you want to stay in the class and receive a payment
Filed this claim?
Save the claim ID, deadline, payout notes, and official link in the free Settlement Claim Tracker. It stores entries in your browser, with no account needed.
Add to Tracker →Want the next deadline before it sneaks past you?
Get weekly settlement alerts: new settlements, upcoming deadlines, and claim tips once a week.
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Proof required
- No documents and no claim form are needed to get a payment
- Eligibility is based on TLIC policy records
- If you are unsure whether you are included, call 1-888-305-6486 or email info@WrenCVISettlement.com
Payment timing
Checks are mailed by JND Legal Administration after the Court grants final approval and all appeals are resolved. Timing is not set. Talk to your own tax advisor about any tax reporting.
Important links
Contact
Extra details
- Doing nothing keeps you in the class and keeps you eligible for a payment
- If you opt out by October 2, 2026, you get no cash payment but keep the right to sue TLIC on your own
- Objecting is different from opting out. Objecting means you stay in the class and tell the Court what you dislike about the deal
- The Court may move the hearing without mailing new notices, so check the official site for updates
- Do not contact the Court. Use the Settlement Administrator or Class Counsel
- Watch for scams. No one from this settlement will ask you to pay a fee to get your check
FAQ
Do I need to file a claim?
Who qualifies for this settlement?
How much money will I get?
What is the deadline?
When will payments go out?
What do I lose if I stay in?
What if my address changed?
Info only. Verify details on the official site. Not legal, financial, or tax advice. Legal
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