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Lincoln National COI Settlement

Payments distributed proportionally to owners of Final Settlement Class Policies based on their share of overall Policy Claim Amounts through September 30, 2022, after deduction of administrative costs, attorneys' fees and expenses, and incentive awards

Last verified September 18, 2026Source: jndHow ClaimWatch verifies cases

This settlement is closed to new claims — the deadline was March 4, 2024. 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

Lincoln National announced cost of insurance (COI) rate increases on universal life insurance policies in August and September 2016 and June and July 2017. Policyholders claim these increases violated their contracts and state consumer protection laws. Lincoln denies the claims and asserts the actions were lawful, but agreed to settle to avoid litigation costs and delays.

Do you qualify?

Owners of universal life insurance policies sold by Jefferson Pilot or Lincoln, including JP Legend 300, JP Lifewriter Legend 100/200/400 series, JP Legend 3000, LifeSight 30/31/32, JP UL 101/102/103/130/131, and Vision 20 policies that were subjected to COI rate increases announced in 2016 or 2017, excluding designated excluded policies.

What you can claim

Read from the official settlement notice. Confirm the terms that apply to you on the administrator's site before filing.

  • Cash distribution from Net Settlement Fund

    Final Settlement Class Members will receive a distribution from the Net Settlement Fund calculated according to a plan of allocation based on Policy Claim Percentages, automatically mailed without requiring proof of claim.

  • COI Rate Increase Freeze

    Lincoln agrees not to increase COI rates on Final Settlement Class Policies above the 2016 or 2017 rates for five years following the Order and Judgment, unless ordered to do so by a state regulatory body.

Who is in the class

All Owners of Class Policies, specifically meaning all JP Legend 300, JP Lifewriter Legend 100, 200, and 400 series, JP Legend 3000, LifeSight 30, LifeSight 31, LifeSight 32, JP UL 101, JP UL 102, JP UL 103, JP UL 130, JP UL 131, and Vision 20 life insurance policies subjected to an increase in the cost of insurance rates as announced by Lincoln in 2016 or 2017, excluding Excluded Policies.

Quoted from the settlement notice.

How to file

The claim period has closed as of March 4, 2024. Class members who did not opt out by the deadline will automatically receive a settlement payment proportional to their policy's claim amount. Payments have been or will be distributed to eligible policyholders by the Settlement Administrator, JND Legal Administration. For more information, call 1-844-717-0630 or visit the settlement website.

Common questions

How much does the Lincoln National COI Settlement pay?
Estimated payout: Payments distributed proportionally to owners of Final Settlement Class Policies based on their share of overall Policy Claim Amounts through September 30, 2022, after deduction of administrative costs, attorneys' fees and expenses, and incentive awards. The total settlement fund is $117.8M. 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.
What is the claim deadline for the Lincoln National COI Settlement?
This settlement is closed to new claims — the deadline was March 4, 2024. Once a claim deadline passes you generally forfeit your share, even if you qualified.
Is the Lincoln National COI Settlement notice real, or a scam?
JND Legal Administration is the settlement administrator for this case. Claims are filed at 2016and2017coisettlement.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 Lincoln National COI Settlement be sent?
Class action payouts typically take 12 to 24 months after the claim deadline, and longer if the settlement is appealed. Payments cannot be issued until the court grants final approval and any appeals are resolved.

Who's involved

Plaintiffs

  • US LIFE 2 RENDITEFONDS GMBH & CO. KG
  • US LIFE 1 RENDITEFONDS GMBH & CO. KG
  • JOEL STEPHEN AGEL
  • MILGRIM INVESTMENTS, LP
  • BARRY MUKAMAL
  • CAROL ANNE RAUCH
  • LOWELL RAUCH
  • ROBERT A. ZIRINSKY

+ 1 more

Defendants

  • LINCOLN NATIONAL CORP.
  • LINCOLN NATIONAL LIFE INSURANCE COMPANY

Counsel for plaintiffs

Parties and counsel from the public court docket. Listing an attorney here isn't an endorsement, and ClaimWatch isn't affiliated with any of them.

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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