Welcome to the USAA COI Settlement Website.
If You Own or Owned a Universal Life 1, Universal Life 2, Universal Life 3, and/or Universal Life 4 Insurance Policy Issued or Administered by USAA Life Insurance Company, a Class Action Settlement May Affect Your Rights.
A Settlement has been reached with USAA Life in a class action lawsuit about the cost of insurance charges deducted from policyholders’ account values. If the Settlement is approved by the Court, you will automatically receive a payment. No further action is required.
As part of the Settlement, Settlement Class Members will be eligible to receive a portion of a cash Settlement Fund funded by USAA Life in the amount of $90 million.
This website is provided as a service to eligible individuals. The information provided is in summary form and is not intended as a complete explanation of your rights. For full and complete information, you are directed to review carefully the Court-Authorized Notice and the Settlement Agreement.