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** SETTLEMENT BENEFITS UPDATE **

As of July 17, 2017, Class Members who submitted a valid and timely claim form were sent either a two-year term certificate or a single payment, depending on the category the Eligible Settlement Class Member fell under or chose.

** APRIL 3RD FAIRNESS HEARING UPDATE **

The Final Judgment and Order approving the Settlement has been posted to the Court Documents pagePlease do not call USAA Life Insurance Company, any information or updates will be posted to this site when they are available.

Notice of Class Action, Settlement, Fairness Hearing and Right to Appear

An Alabama court authorized this notice.

This is not a solicitation from a lawyer. You are not being sued.



The Notice was issued as a result of a proposed class action settlement reached in a lawsuit known as Erkins v. USAA Life Insurance Co., Case No. 2015-CV-900077.

  • The Court has allowed this lawsuit to proceed as a class action solely for the purposes of carrying out a settlement between the parties. To be a member of the settlement class, you must own or have owned certain Level Term 2, 2X or 3 Series term life insurance policies from USAA Life Insurance Company (“USAA Life” or “Defendant”).

  • Settlement Class Members who submit timely and valid claims will receive the court-approved settlement benefit as described in the Notice and the Settlement Agreement between the parties. The Settlement Agreement and other documents on file with the Court can be viewed HERE.

  • The settlement avoids costs and risks to class members from continuing the lawsuit, provides court-approved settlement benefits to Settlement Class Members who make valid and timely claims, and releases Defendant from liability.

  • The two sides disagree on whether the class would recover anything if the case went to trial, and have agreed to settle rather than risk the uncertainty of trial.

  • Settlement benefits will be provided only if the Court approves the settlement and after appeals, if any, are resolved. Please be patient.

Your legal rights are affected whether you act or not. These rights and options–and the deadlines to exercise them–are explained in the Notice, the Settlement Agreement and related papers, all of which can be seen at this website. 

           

Your Legal Rights and Options in this Settlement


Submit a Claim Form

  The deadline to submit a Claim Form was April 18, 2017 and has passed.

Exclude Yourself


The deadline to exclude yourself from the settlement was March 3, 2017 and has passed.

Object

The deadline to object to the settlement was March 3, 2017, and has passed.

Go to a Hearing


 The deadline to ask to speak at the hearing was March 3, 2017, and has passed. The Court held a Final Approval Hearing at 1:00 p.m. on Monday, April 3, 2017 and the Court approved the Settlement.  The Final Judgment and Order is posted on this site.

Do Nothing


If you took no action, you no longer have the opportunity to submit a claim for settlement relief. You are bound to the terms of the Settlement Agreement releasing the Defendant from the legal claims in this case.

Disclaimer

This notice only summarizes the proposed settlement. If you have additional questions, you should contact the Settlement Administrator at 1-800-711-7362.

PLEASE DO NOT CALL USAA LIFE, THE COURT OR THE COURT’S CLERK’S OFFICE TO INQUIRE ABOUT THIS SETTLEMENT OR THE CLAIM PROCESS.

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