If your loved one had a Transamerica Life Insurance Company “Direct Recognition Life 10” or “Direct Recognition Life 11” life insurance policy lapse (and has since died), Life insurance attorney Mark Santi would like to speak with you. The policies were originally issued by General Services Life Insurance Company.
Please contact Mark at 612-808-9082 or mark@TheSantiFirm.com.
In the class action matter of Wren, et al. v. Transamerica Life Insurance Company, Case No. 5:21-cv-00178-JGB-SP (C.D. Cal.), the Plaintiffs alleged that TransAmerica Life Insurance Company (TLIC) improperly failed to credit certain Cash Value Increases (“CVIs”) associated with certain Direct Recognition Life (“DRL”) insurance policies and failed to act in good faith in connection with those CVIs.
TLIC denied liability but has entered into a tentative settlement.
TLIC’s alleged failure to credit cash value increases could have caused the Direct Recognition Life 10 or Direct Recognition Life 11 policies to lapse prematurely. If your loved one’s life was covered under the policy, and they died shortly after the alleged lapse, we would like to speak to you.