AXA Equitable COI Settlement
This settlement is closed to new claims. You can still see what it was about and follow the case in court below. Looking for money you can still claim? Browse open settlements →
What happened
AXA Equitable announced a cost of insurance (COI) rate increase on certain Athena Universal Life II policies in October 2015. Plaintiffs allege this increase violated their policy contracts and that AXA Equitable had concealed its intention to raise rates in policy illustrations since at least July 2006. AXA Equitable denies wrongdoing and claims its actions were consistent with policy terms and law, but agreed to settle.
Do you qualify?
Policy owners who held Athena Universal Life II policies issued by AXA Equitable that were subjected to the October 2015 cost of insurance rate increase. The settlement includes a nationwide Policy-Based Claims Class, a nationwide Illustration-Based Claims Class, and a New York Illustration-Based Claims Sub-Class.
How to file
Eligible claimants do not need to take any action to receive payment; payments will be mailed automatically to those entitled to them. Eligible individuals become bound by the settlement and give up the right to sue AXA Equitable unless they object by the deadline.
Common questions
- How much does the AXA Equitable COI Settlement pay?
- The total settlement fund is $307.5M. Actual amounts depend on how many valid claims are filed — most settlements divide a fixed fund pro rata, so a higher claim rate means a smaller individual check. An "up to" figure is a cap, not a guarantee.
- Is the AXA Equitable COI Settlement notice real, or a scam?
- JND Legal Administration is the settlement administrator for this case. Claims are filed at axacoilitigation.com. Filing a class action claim is always free — no legitimate settlement charges you to claim, and no administrator will ask for payment, a gift card, or your full Social Security number by email or text. If a notice asks for any of those, it is not from the administrator. When in doubt, ignore the link you were sent and go to the official settlement website directly.
- When will payments from the AXA Equitable COI Settlement be sent?
- Class action payouts typically take 12 to 24 months after the claim deadline, and longer if the settlement is appealed. The final approval hearing for this case is set for October 17, 2023; no payments can be issued before a settlement receives final approval.
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This summary was generated from public settlement documents and may contain errors. Confirm eligibility, deadlines, and payment terms on the official settlement website before filing. ClaimWatch is not a law firm and this is not legal advice. Filing a claim is free.
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