Genworth COI Life Insurance 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
Genworth Life & Annuity Insurance Company issued letters in September 2019 announcing cost of insurance (COI) rate increases on Gold and Gold II universal life policies. Policyholders claim these rate increases violated the terms of their contracts. Genworth denies the claims but agreed to settle to avoid ongoing litigation costs and risks.
Do you qualify?
All owners of Gold and Gold II universal life insurance policies issued, insured, or assumed by Genworth Life & Annuity Insurance Company whose COI Rate Scales were changed as a result of the 2019 COI Rate Adjustment.
How to file
No claim form is required. Eligible policyholders will automatically receive a payment mailed to their last known address on file with Genworth. If you need to update your mailing address, contact the Settlement Administrator at 1-877-379-5991 or info@GenworthCOISettlement.com.
Common questions
- Do I need proof of purchase for the Genworth COI Life Insurance Settlement?
- No. You can file without a receipt or proof of purchase. You attest that you qualify and submit basic details, though claims are still subject to review and submitting a false claim is a crime.
- Is the Genworth COI Life Insurance Settlement notice real, or a scam?
- JND Legal Administration is the settlement administrator for this case. Claims are filed at genworthcoisettlement.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 Genworth COI Life Insurance 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, 2022; no payments can be issued before a settlement receives final approval.
New to class actions?
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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