My friend and fellow attorney Joey James has asked me to post this about a pending class action and a proposed $650 payment to certain class members:
A national class action has been filed against Central United Life Insurance Company. Central United and the Class Representatives have agreed to enter into a settlement agreement in a state court in Alabama. Lawyers for Central United and lawyers for the two people that have brought this class action have negotiated a settlement between Central United and the Class Representatives.
This settlement agreement has been reached without any trial or open hearings where others could tell what has happened to them. This settlement agreement will be binding on every Central United insured in this country if a person does not opt out and the trial court finally approves the settlement without appeal.
What does this mean? This means that if you do not opt out by June 3, 2008, and the trial court agrees with this settlement and it is not appealed, you will be stuck with whatever Central United has agreed to pay and there will be absolutely nothing you can do about it. So, if your cancer insurance is important to you, you must read the agreement and opt out if you do not want to be bound by it.
If you are unsure of what to do, call Bunch & James toll free at 1-877-882-0095 or email the office at joey@bunchandjames.com
