Lawsuit Investigation into Bank, Credit Union Accidental Death Insurance Offers

May 2, 2018 Last Updated on April 28, 2020

Important Information

Attorneys working with ClassAction.org are no longer investigating this matter. The information here is for reference only. A list of open investigations and lawsuits can be viewed here.

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Case Update

April 28, 2020 – Investigation Closed

At A Glance

This Alert Affects:
Anyone who signed up and was charged for accidental death and dismemberment insurance after receiving a mail solicitation associated with their bank or credit union.
What’s Going On?
Attorneys working with ClassAction.org believe this coverage is overpriced and was misleadingly and fraudulently solicited to customers.
How Would I Know If This Happened to Me?
The offer came via mail and proposed $1,000 in free insurance with an option to upgrade to $300,000. If you elected for this coverage, you may have been automatically charged a small fee every quarter. It’s likely you only had to check a box on the mail solicitation to opt in to the offer.
How Could a Class Action Lawsuit Help?
A class action lawsuit could help consumers get back the money they paid out in premiums.