What is Assurance IQ TCPA Settlement: How to Claim

Learn what is Assurance IQ TCPA settlement, who qualifies, and how to get your payment. See the latest news here.

If you’ve ever been bombarded with robocalls or spammy texts, you’re aware of how infuriating it is. Your phone rings, you pick up, and, boom!, another prerecorded voice attempting to sell you something you never asked for. Well, if you received unwanted calls or texts from Assurance IQ, you may be entitled to some cash.

Just like understanding the key difference between self-funded vs. fully insured in health plans can impact your coverage, understanding your rights under the TCPA can impact your ability to act. Let’s delve into the Assurance IQ TCPA settlement, what it means for you, and how to collect your share.

What Is the Assurance IQ TCPA Settlement?

To understand this settlement, we need to talk about the TCPA (Telephone Consumer Protection Act) first. The TCPA was put into law in 1991 and was intended to protect consumers from abusive telemarketing calls, specifically those called with the use of autodialers, prerecorded messages, or unwanted text messages.

Assurance IQ, an insurance technology company, was charged with violating the TCPA because it was making unwanted robocalls and texts to consumers. A lawsuit was filed alleging Assurance IQ called people with no permission, and through the battle, the court mandated this settlement. This has made many ask, what is Assurance IQ and why were they calling?

As a result, Assurance IQ has agreed to pay up to $21,875,000 to resolve the class action lawsuit. That’s a lot of money, showing just how serious these violations were. The Assurance TCPA settlement highlights how companies must comply with telemarketing laws or face legal consequences.

Interestingly enough, Assurance IQ was acquired by Prudential in 2019. In 2024, Prudential shut down Assurance IQ, and the company’s operations ceased. Despite the shutdown of the company, the settlement remains in place, and the impacted consumers remain eligible for compensation.

If the Court finally authorizes the Settlement, Assurance IQ will create a fund totaling $21,875,000. If you submit a valid Claim Form, you will be eligible to receive a payment from the fund. Class Counsel now estimates that each participating Settlement Class Member will receive between about $167 to $33 from the fund. But it may be more or less depending on the number of Settlement Class Members who decide to take part in the Settlement.

The million-dollar question everyone poses is: what is Assurance IQ TCPA settlement all about?

How Do You Know If You’re Eligible?

So you’re wondering, “Do I qualify?” Here’s how you can determine:

Have you received a call or text from Assurance IQ that you did not want?  Was the call made using an autodialer or with a prerecorded message?  Did you receive such calls without your prior express consent?

If you answered yes to any of these questions, you might be a member of the affected class in the Assurance IQ lawsuit. Like all class-action settlements, there is fine print, so your best bet is to take a look at the official settlement website (which we’ll link below).

Understanding what Assurance IQ TCPA settlement is means knowing its impact: it forces businesses to pay for violating consumer protection laws.

How Much Money Can You Get?

This is the million-dollar question, literally. Since the settlement fund is $21.875 million, the amount of money each person receives hinges on how many claims are filed. Based on Class Counsel’s estimates, individual payments will fall somewhere between $167 to $33. But it may be more or less, depending on how many Settlement Class Members opt to take part in the Settlement.

Think about it: that’s an easy way to earn money for those annoying robocalls that waste your time. It won’t make you rich, but hey, it might just cover a nice dinner or a few months of streaming services.

In case you are still wondering, what is Assurance IQ TCPA settlement, the short answer is: it’s a payment chance for people who were on the receiving end of unlawful telemarketing.

How to File a Claim (Step-by-Step Guide)

Claiming is easier than you think. Here’s a step-by-step guide:

• Visit the official settlement website. The court or lawyers dealing with the case will have an official website where you can file your claim.
• Give your information. You’ll need to give your name, contact details, and maybe proof (such as a called number).
• Hand in on time. Deadlines are firm, so do not delay.
• Wait for processing and payment. Settlements don’t occur immediately, wait a couple of months before you actually see the money in your account.
• If you’re filing a claim, you might be asking yourself what is Assurance IQ TCPA settlement and why it’s welcome news for consumers like you.

My Personal Experience With Robocalls

Now let’s get real for a second. I remember when I was getting at least three spam calls a day, some about fake car warranties, others trying to sell me health insurance I never signed up for. It was annoying.

I finally answered one day out of frustration and said take me off your list. What did they do? They hung up on me! That’s when I started looking into TCPA settlements and learned that consumers do have rights when dealing with these harassing calls. That’s why this Assurance IQ case is significant, it’s about making businesses accountable for invading our daily lives.

When Will You Get Paid?

Ah, the waiting game. Once the settlement is finalized and the claims are processed, payouts will begin. Settlements usually take 6 to 12 months from the claim deadline before checks or direct deposits start to be issued.

Patience is a virtue, but it is always nice to know that relief (and some compensation) is on its way.

What If You Miss the Deadline?

What if you just found out about this settlement and realized you missed the deadline? What then?

First, do not panic. While you will likely not win any award from this case for having missed a claim deadline, there is something you can still do to prevent future unwanted calls. Here is what you can do:

Report spam calls to the FTC (Federal Trade Commission).

Pursue legal recourse if you have received multiple calls.

Frequently Asked Questions (FAQ’s)

Is this a scam?

No! TCPA settlements are actual legal proceedings intended to protect consumers. However, be aware of phishing scams from impersonators purporting to be official settlement administrators.

Do I need an attorney to make a claim?

Nope! You can make a claim online all by yourself. If you need legal counsel, though, it doesn’t hurt to speak with an attorney.

Do I need to pay taxes on my settlement money?

Perhaps. Although little settlements fly under the radar, big settlements can be taxable. Always speak with a tax consultant when you’re unsure.

Key Takeaways

• Why It Matters Robocalls are not just annoying, they are also illegal when done without consent.
• This treaty is a small but constructive step towards protecting the rights of consumers.
•  If you were a victim of these calls, it’s worth taking the few minutes of time to file a claim. 
• And if you’re like me, tired of unwanted calls interrupting your day, this case serves as a reminder that we must hold companies accountable.
•  So what has been your experience with robocalls? Have you ever received one from Assurance IQ? Share in a comment below, I’d love to hear your story!

Additional Resources

1. Official Assurance IQ TCPA Settlement Website: This is the official page providing full details about the settlement, including eligibility, claim forms, deadlines, and payout information.
2. Submit a Claim Form: If you’re eligible, use this official portal to file your claim securely and ensure you receive your share of the settlement.
3. Assurance IQ TCPA $21.875M Class Action Settlement: A summary of the case, outlining the allegations against Assurance IQ and the implications of the settlement for affected consumers.