Glover v. Connecticut General Life Insurance Company

If You Own or Owned a Flexible Premium Adjustable Life Insurance Policy Issued and/or Administered by Connecticut General Life Insurance Company or The Lincoln National Life Insurance Company or their respective predecessors ("Defendants"), a Class Action Settlement May Affect Your Rights.

A Settlement has been reached with Defendants in a class action lawsuit about the Cost of Insurance deducted from the Cash Value of these policies. If the Settlement is approved by the Court, you will automatically receive a payment. No further action is required.

Generally, the Settlement includes current and former flexible premium adjustable life insurance policy owners (see FAQ 4 & 5).

As part of the Settlement, Settlement Class Members will be eligible to receive a portion of a cash Settlement Fund funded by Lincoln National in the amount of $147.5 million (see FAQ 6).

These rights and options—and the deadlines to exercise them—are explained further in the Notice and on the Frequently Asked Questions (FAQs) page of this website. For complete details, please see the Settlement Agreement, which is available here.

The Court in charge of this case still must decide whether to finally approve the Settlement. Settlement checks will be automatically issued to each Settlement Class Member if the Court approves the Settlement and after any appeals are resolved.

You do not need to take further action to receive payment if you are eligible under the Settlement. Please be patient.