Deadline: No claim filing required -- payment is automatic. The deadline to opt out is May 30, 2026.
Transamerica Life Insurance MDR Settlement 2026 -- At Least $200, No Claim to File
By eosguide team · Last updated May 5, 2026
Transamerica Life settled for $57M over alleged rate hikes on universal life insurance policies. Policyowners get at least $200 -- no claim required. Turns out the one thing your policy couldn't protect against was your insurer changing the price.
Deadline: No claim filing required -- payment is automatic. The deadline to opt out is May 30, 2026.
File Your Claim →
Applies to
Nationwide
Main deadline
No claim filing required -- payment is automatic. The deadline to opt out is May 30, 2026.
Benefit
At least $200 in cash, mailed automatically -- no claim form required.
Official site
https://handorfcoiclassaction.com/
What happened
Class period: November 1, 2021 through the Final Approval Date (hearing scheduled for July 13, 2026)
- Transamerica Life Insurance Company (TLIC) is accused of breaching contracts with universal life insurance policyowners by imposing unauthorized Monthly Deduction Rate (MDR) increases in 2022 and 2023.
- Policyowners received letters announcing the rate increases, which plaintiffs allege violated the terms of their policy contracts.
- TLIC denies any wrongdoing. With the help of a neutral mediator, the parties reached a $57 million settlement.
- The case affects current and former owners of certain TLIC universal life insurance policies who received written notice of the 2022/23 MDR Increases. A full list of affected products is available on the official settlement website.
What you can get
Cash payment
At least $200
Mailed by check automatically; exact amount based on Plan of Allocation Rate freeze
Key dates
| Action | Date | What it means |
|---|---|---|
| Claim deadline | No claim filing required -- payment is automatic. The deadline to opt out is May 30, 2026. | Last day to file a claim |
| Opt out | May 30, 2026 | Keep your right to sue separately |
| Object | June 1, 2026 | Tell the court you disagree |
| Final hearing | July 13, 2026 | Judge decides whether to approve |
Who may qualify
- Currently own or formerly owned a Transamerica Life Insurance Company (TLIC) universal life insurance policy
- Received written notice from TLIC of the 2022/23 MDR (Monthly Deduction Rate) Increases
- Owned the policy at any point during the Settlement Class Period (November 1, 2021 through the Final Approval Date)
How to file
- No claim form is required. If you are eligible, a check will be mailed automatically to the address TLIC has on file.
- If your mailing address has changed, contact the Settlement Administrator by phone, email, or mail to update it before payments are distributed.
- To opt out, mail a written Request for Exclusion -- including your name, address, policy number(s), and signature -- to the Settlement Administrator postmarked by May 30, 2026.
Payment timing
Payments will be distributed after the Court grants final approval at the July 13, 2026 hearing and after any appeals are resolved. Eligible policyowners will receive a check mailed to the address in TLIC's records.
Important links
Contact
Phone: Payments will be distributed after the Court grants final approval at the July 13, 2026 hearing and after any appeals are resolved. Eligible policyowners will receive a check mailed to the address in TLIC's records.
Email: info@HandorfCOIClassAction.com
Mail: TLIC MDR Settlement c/o Settlement Administrator P.O. Box 25226 Santa Ana, CA 92799-9958
Extra details
- You do not need to file a claim to receive payment. Checks are mailed automatically to the address on file with TLIC.
- If your address has changed since you held the policy, contact the Settlement Administrator immediately -- your check will go to the address TLIC has on record.
- The total $57 million Settlement Fund may be reduced proportionally if policyowners opt out of the class.
- Attorneys' fees will not exceed 33 1/3% of gross settlement benefits and will be paid from the Settlement Fund only -- you will not be billed directly.
- TLIC has agreed not to increase COI rates or MDR schedules on class policies for five years from the date the parties reached the settlement.
- Consult your own tax advisor regarding the potential tax consequences of your settlement payment.
- Watch for scams: use only the official settlement site at handorfcoiclassaction.com.
Go to official website (deadline: No claim filing required -- payment is automatic. The deadline to opt out is May 30, 2026.)
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FAQ
Who qualifies for the Transamerica Life Insurance MDR settlement?
Anyone who currently owns or formerly owned a Transamerica Life Insurance Company (TLIC) universal life insurance policy subject to the 2022/23 MDR increases -- and who received written notice of those increases -- may qualify. The class period runs from November 1, 2021 through the Final Approval Date. A full list of affected policy products is available on the official settlement website.
Do I need to file a claim?
No. If you are eligible, a check will be mailed to you automatically at the address TLIC has on file. The only action you may need to take is updating your mailing address if it has changed.
How much will I receive?
The minimum payment is $200. Your exact amount depends on the Plan of Allocation and the total number of participating class members. The full settlement fund is $57,000,000.
What is the deadline to opt out?
The deadline to exclude yourself from the settlement is May 30, 2026. If you opt out, you will not receive a payment, but you preserve your right to pursue your own claims against TLIC.
What is the deadline to object to the settlement?
Written objections must be filed with the Court by June 1, 2026. You cannot object if you have already opted out.
When will payments be sent?
Payments will be distributed after the Court grants final approval at the July 13, 2026 hearing and after any appeals are resolved. Timing will depend on whether the settlement is appealed.
What did Transamerica allegedly do wrong?
Plaintiffs allege that TLIC improperly raised the Monthly Deduction Rates (MDRs) on certain universal life insurance policies in 2022 and 2023 -- increases they say violated the contractual terms of policyowners' coverage. TLIC denies all wrongdoing.
Are there any non-cash benefits in the settlement?
Yes. TLIC has also agreed not to increase COI rates or MDR schedules on class policies for five years, and not to cancel, void, or contest policies based on alleged application misrepresentations or lack of insurable interest.
Use the official website
Always confirm details on the official site. If something feels off, stop and verify before sharing personal info.
Info only. Verify details on the official site. Not legal, financial, or tax advice. Legal
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