Judge OKs Transamerica Policy Cost Hike Deal Worth $73M

By Danielle Ferguson · September 30, 2026, 4:34 PM EDT

An Iowa federal judge Tuesday gave final approval to a settlement worth $73 million to resolve a policyholder class action alleging Transamerica Life Insurance Co. improperly increased monthly costs for certain...

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Documents

Case Information

Case Title

Blackoak Life Limited v. Transamerica Life Insurance Company

Case Number

1:23-cv-00032

Court

Iowa Northern

Nature of Suit

Insurance

Date Filed

May 11, 2023