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North American Company COI Settlement

Last verified September 11, 2026Source: jndHow ClaimWatch verifies cases

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

North American Company for Life and Health Insurance allegedly imposed unlawful cost of insurance (COI) charges on Classic Term UL I and II policyowners in violation of contractual provisions. The plaintiff claims these COI charges were not based on the company's expectations as to future mortality experience as required by the policy contract. The defendant denies these allegations and claims COI rates were set in compliance with the contract.

Do you qualify?

All current and former owners of Classic Term UL I or II life insurance policies issued or insured by North American Company for Life and Health Insurance or its predecessors, during the Class Period. The Class Period begins on varying dates (between October 30, 2008 and October 30, 2015) depending on the policy's issue state and continues through the date of final judgment.

How to file

If you own or owned a Classic Term UL I or II policy during the Class Period, you will automatically receive settlement benefits: an Accumulation Value Credit on active policies or a cash payment by mail if your policy is terminated at distribution. You can contact the settlement administrator at 1-844-633-0709, email info@COIclassaction-na.com, or mail North American Company COI Settlement Administrator, c/o JND Legal Administration, PO Box 11037, Seattle, WA 98111 for more information.

Common questions

Is the North American Company COI Settlement notice real, or a scam?
JND Legal Administration is the settlement administrator for this case. Claims are filed at coiclassaction-na.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 North American Company 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

  • PHT Holding II LLC

Defendants

  • North American Company for Life and Health Insurance

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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