Get 1% increase in all policies if you are FG Life customer and misguided for IUL policy by claiming in FG Life Class Action Settlement on cressysettlement.com.
Financial companies provide various benefits to their customers by securing their future with steady financial growth and saving. But sometimes they include unnecessary assurance from customers in their policies to offer their financial services to customers. Fidelity and Guaranty Life Insurance Company has recently come across the class action due to allegation that company has sold and marketed policies in misleadingly manner. If you also have purchased Indexed Universal Life (IUL) Policy since 2007, then you can claim your refund into the FG Life/OM Financial Life Insurance class action settlement.
As per the allegation of class members, financial company has sold and marketed their IUL policy by misleading their customers. Hence, FG Life has violated some of the Californian consumer protection laws. Their misleading activities include:
Every FG Life customer who has purchased IUL policy during the time period of January 2007 to March 31 2014 no matter their policy is still running or not is eligible to get their refund amount into the settlement.
Interest enhancement (Active users of IUL policy): FG Life customers who have an active IUL policy of March 31, 2014 will get 1% increase in their current interest of each active policy.
Inactive Surrender Benefit Relief: If your IUL policy has lapsed as of March 31, 2014, then you can claim review process. On claiming the benefits under the definite time period, you will get pro data share amount as 10%, 30% or 60% of the surrender charge you paid when the IUL Policy was surrendered or lapsed.
Every eligible class member must provide name, Residential address and policy number into the class action as a proof of purchase. Last date to file claim into the class action for plaintiffs whose IUL policy has been lapsed or surrender is October 2, 2014. Final hearing of class action is going to be held on October 3, 2014. For court documents and other information visit official site cressysettlement.com.
Highlights of FG Life/OM Financial Life Insurance class action settlement:
Official class action settlement website: cressysettlement.com
Link to file claim online: CressySettlement.com
Address of Claims Administrator:
Cressy v. Fidelity & Guaranty Life Insurance Co. Settlement Administrator
c/o Dahl Administration
P.O. Box 3614
Minneapolis, MN 55403-0614
1-888-454-3019
Refund:
Final hearing date: October 3, 2014
Class Counsel:
P. Michael Yancey, Esq.
James M. Terrell, Esq.
MCCALLUM, METHVIN & TERRELL, P.C.
Gary A. Waldron, Esq.
WEINTRAUB TOBIN
David I. Lipsky, Esq.
LAW OFFICE OF DAVID I. LIPSKY
Defense Counsel:
Frank A. Taylor
BRIGGS AND MORGAN, P.A.
James S. Azadian
ENTERPRISE COUNSEL GROUP, ALC
Financial companies provide various benefits to their customers by securing their future with steady financial growth and saving. But sometimes they include unnecessary assurance from customers in their policies to offer their financial services to customers. Fidelity and Guaranty Life Insurance Company has recently come across the class action due to allegation that company has sold and marketed policies in misleadingly manner. If you also have purchased Indexed Universal Life (IUL) Policy since 2007, then you can claim your refund into the FG Life/OM Financial Life Insurance class action settlement.
As per the allegation of class members, financial company has sold and marketed their IUL policy by misleading their customers. Hence, FG Life has violated some of the Californian consumer protection laws. Their misleading activities include:
- Misleading and deceptive sales presentations
- Encouraging their customers to have mortgage on assets or home equity line of credit to proceed further for getting the IUL policy
- Misguiding their customers with imprinting IUL as a investments or investment plans
- DO not giving thorough information to their customer about IUL policy’s cost, benefits and terms and conditions
Every FG Life customer who has purchased IUL policy during the time period of January 2007 to March 31 2014 no matter their policy is still running or not is eligible to get their refund amount into the settlement.
Interest enhancement (Active users of IUL policy): FG Life customers who have an active IUL policy of March 31, 2014 will get 1% increase in their current interest of each active policy.
Inactive Surrender Benefit Relief: If your IUL policy has lapsed as of March 31, 2014, then you can claim review process. On claiming the benefits under the definite time period, you will get pro data share amount as 10%, 30% or 60% of the surrender charge you paid when the IUL Policy was surrendered or lapsed.
Every eligible class member must provide name, Residential address and policy number into the class action as a proof of purchase. Last date to file claim into the class action for plaintiffs whose IUL policy has been lapsed or surrender is October 2, 2014. Final hearing of class action is going to be held on October 3, 2014. For court documents and other information visit official site cressysettlement.com.
Highlights of FG Life/OM Financial Life Insurance class action settlement:
Official class action settlement website: cressysettlement.com
Link to file claim online: CressySettlement.com
Address of Claims Administrator:
Cressy v. Fidelity & Guaranty Life Insurance Co. Settlement Administrator
c/o Dahl Administration
P.O. Box 3614
Minneapolis, MN 55403-0614
1-888-454-3019
Refund:
- 1% increment in all policies owned by customer whose IUL policy is still running after March 31, 2014
- Customers whose IUL policy are lapsed or surrender before March 31, 2014 will get 10%, 30% or 60% of the surrender charge you paid when the IUL Policy was surrendered or lapsed
Final hearing date: October 3, 2014
Class Counsel:
P. Michael Yancey, Esq.
James M. Terrell, Esq.
MCCALLUM, METHVIN & TERRELL, P.C.
Gary A. Waldron, Esq.
WEINTRAUB TOBIN
David I. Lipsky, Esq.
LAW OFFICE OF DAVID I. LIPSKY
Defense Counsel:
Frank A. Taylor
BRIGGS AND MORGAN, P.A.
James S. Azadian
ENTERPRISE COUNSEL GROUP, ALC
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