Wilson v. Massachusetts Mutual Life Insurance Company
Recent Developments
HOME

This official website is maintained by the Court approved, independent Claims Administrator under the supervision of the First Judicial District Court, County of Santa Fe, State of New Mexico


The Court has certified a Class that consists of all MassMutual life and disability insurance policyholders (or their estates) who have paid a "Modal Charge" at any time. The Modal Charge is a charge in addition to the annual premium, that is or was paid by MassMutual policyholders who pay or paid premiums on a semi-annual, quarterly or monthly installment basis. If you are now, or at any time in the past have been, a life or disability insurance policyholder of MassMutual and have paid premiums on a semi-annual, quarterly or monthly installment basis, you are a member of the Class.

The Court has preliminarily approved a Settlement of this class action and will hold a Fairness Hearing on June 20, 2002 at the First Judicial District Court, Santa Fe Judicial Complex, 100 Catron Street in Santa Fe, New Mexico to make a final determination as to whether the Settlement is fair, adequate and reasonable.

The terms of the Settlement are described in detail in the Settlement Agreement and the Long Form Notice provided on this website. In essence, MassMutual has agreed to provide (i) additional disclosures about the Modal Charge and (ii) MassMutual Certificates having a face value of $100, which may be applied toward the purchase of Available MassMutual Products. In the alternative, subject to certain limitations, the MassMutual Certificates may be redeemed for $30 cash.

Class Members have the following options:

If you want to remain in the Class and participate in the Certificate Program, you must follow the eligibility procedures described in more detail in the Long Form Notice.

If you want to exclude yourself (opt-out) from the Class and the Settlement, you must do so in writing by May 31, 2002. The procedure for exclusion is described in the Long Form Notice. If you filed a request for exclusion in connection with the Prior Settlement, that request is no longer valid. If you opted-out of the Prior Settlement and now wish to obtain the benefits of this Settlement, you may do so. You do not need to do anything to revoke your prior opt-out.

If you want to remain in the Class but object to the Settlement, you must do so in writing by May 31, 2002. The procedure for objecting is described in the Long Form Notice. If you filed an objection to the Prior Settlement, it is no longer valid.

If you do not timely request to be excluded, then you will be bound by the terms of this Settlement if it is approved by the Court, including the release of certain claims that you might have against MassMutual, as described in the Long Form Notice.

Home
Frequently Asked Questions
Preliminary Approval Order
Settlement Agreement
Long Form Notice
Short Form Notice
Other Court Documents