Lincoln National COI Settlement
Distribution will be made to owners of Final Settlement Class Policies in proportion to their share of overall Policy Claim Amounts collected through September 30, 2022, after deducting administrative costs, attorneys' fees and expenses, and class representative awards.
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. Policyowners alleged that these increases violated their insurance contracts and state consumer protection laws. Lincoln denies the allegations and asserts the increases were lawful and justified. The parties agreed to settle to avoid further litigation costs and delays.
Do you qualify?
Owners of specific 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, that were subject to COI rate increases announced in 2016 or 2017, excluding certain excluded policies as defined in the Settlement Agreement.
How to file
If you own a qualifying policy and did not exclude yourself by the deadline, you automatically receive benefits—do nothing to stay in the settlement class. To claim your share, information about submitting claims will be provided through the settlement website or by contacting the Settlement Administrator. The claim deadline for exclusions and objections was March 4, 2024.
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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