San Antonio’s USAA Life Insurance Company has agreed to settle a class action lawsuit over allegations of overcharging thousands of policyholders by using inflated rates to calculate charges. The settlement amount of $90 million, subject to final approval by a judge, will be split between approximately 122,000 current or former life insurance policy holders in varying amounts no less than $50. While USAA did not admit any liability over the...
How Does Life Insurance Work?
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Life insurance is designed to provide financial protection and support for a person’s spouse and dependents in the event of an unexpected death. In some lines of work, life insurance might seem more potentially necessary than others, especially if their day to day duties involve great personal risk. However, it is recommended that anyone who can afford life insurance...