The Resource Life Insurance Company class action lawsuit revolves around claims that RLIC prepaid premiums that were not refunded when loans were paid of early. Resource Life denies any action of wrong doing but has agreed to settlement terms in order to avoid further cost. The case will be heard by Superior Court Judge Douglas Pullen in the Superior Court of Mescogee County. If you had a RLIC insurance policy between the dates of January 23, 1998 to August 11, 2010 you may be a class member in this lawsuit. The Court has approved a contingent fee payment of 33 and 1/3% of the Settlement Fund to paid to the attorneys who represented the class members. This is compensation for their work and time in relation to filing the lawsuit and successfully litigating the settlement. The settlement was approved by the court on November 22, 2010. More details about the case can be found by dialing toll free 1-888-398-8204 or write to the Settlement Administrator at PO Box 2373, Faribault, MN 55021-9073.
