From Attorney Joey James:
Our firm is currently representing consumers who have cancer insurance policies with Life Investors Insurance Company of America as well as Transamerica, Monumental Life, and Aegeon Insurance.
Good and honest people bought cancer policies for a simple reason - To provide for a reimbursement amount of 'actual charges' to be paid when incurred or billed. When claims were submitted, we believe that these two companies do not pay the 'actual charges.' Instead, these insurer will pay a discounted amount for those same cancer treatments, contrary to the terms of the policy. We are pursuing individual cases.
Many people who bought a cancer insurance policy may have a received recently a class action notice in the case of Runyan v. Life Investors Insurance Company of America / Transamerica. The time period that applies to any policy bought during the years 2004 - 2006.
In my view, if an insured does not opt out, but later must fight an onset of cancer, the insurance company will not have to pay you the benefits they promised to pay. We suggest that everyone immediately opt out of this class action.
YOU MUST OPT OUT BEFORE JUNE 28, 2009.
In our experience, the class action relief asked for is simply not an adequate remedy. As we see it, the Runyan class settlement is inadequate relief for policyholders.
We believe that 'opting out' of the class action may be more appropriate to protect their individual rights. Alternatively, filing an objection to the class may be even more appropriate. We are currently evaluating both of these options for these policyowners, but we are nonetheless accepting cases for those who wish to either opt out or object to the class settlement in its entirety.
The deadline to exclude yourself from this class is June 29, 2009. The deadline to object to the settlement is June 29. 2009.
Joey James may be reached at 888.422.2882.
<Please note that this is not legal advice. Your circumstances may differ. We suggest you use common sense, and talk with a lawyer>
