Lawsuit Investigation into Bank, Credit Union Accidental Death Insurance Offers

Last Updated on May 1, 2020

Investigation Complete

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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 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.