Lincoln National COI Settlement
Remaining Settlement Fund distributed proportionally to policy owners based on their Policy Claim Amounts collected through September 30, 2022, after deductions for administrative costs, attorneys' fees and expenses, and incentive 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-September 2016 and June-July 2017. Plaintiffs allege these increases violated the terms of policyowners' contracts and state consumer protection statutes. Lincoln denies the allegations and asserts the rate increases were lawful and caused no harm. The parties have agreed to settle to avoid further litigation costs and delays.
Do you qualify?
You qualify if you own any of the specified universal life insurance policies (including JP Legend 300, JP Lifewriter Legend series, JP Legend 3000, LifeSight 30/31/32, JP UL 101/102/103/130/131, or Vision 20) sold by Jefferson Pilot or Lincoln that were subject to COI rate increases announced in 2016 or 2017, excluding policies defined as Excluded Policies under the Settlement Agreement.
How to file
If you did nothing by the deadline and are in the Final Settlement Class, you will automatically receive a payment from the remaining Settlement Fund distributed proportionally based on your Policy Claim Amounts. Payments are distributed by the Settlement Administrator to policy owners. To object to the settlement, you had to file a written objection with the Court by the deadline.
Common questions
- How much does the Lincoln National COI Settlement pay?
- Estimated payout: Remaining Settlement Fund distributed proportionally to policy owners based on their Policy Claim Amounts collected through September 30, 2022, after deductions for 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.
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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