Transamerica Insurance Sued For Breaching Terms Of Elderly Policyholders
Policyholders Claim Massive Rate Increase Unlawful Transamerica Life Insurance Company faces a class action lawsuit over a massive rate increase to its flexible premium life policies. Plaintiffs allege that the 61% increase to their monthly deduction rates (“MDR“) is unlawful and excessive. These policies were issued decades ago. Many policyholders are now elderly and are…