If you own or owned a UL Insurance Policy in any of the fifty (50) states, Puerto Rico, or any U.S. territory issued and/or administered by Brighthouse Life Insurance Company, you may be entitled to a cash payment from a Settlement.
You may be eligible for a cash payment from a $9.25 million class action settlement involving Brighthouse Life Insurance Company (“Defendant”). The lawsuit alleges Defendant failed to decrease cost of insurance (“COI”) rates despite improved mortality expectations and reduced expenses. In other words, the lawsuit alleges that Settlement Class Members paid more to Defendant than they should have paid for certain policy charges. Defendant denies the allegations in the lawsuit and has agreed to settle the lawsuit, Martin v. Brighthouse Life Insurance Company, Case No. 1:21-cv-02923, United States District Court for the Southern District of New York.
- Settlement Class: You are a member of the Settlement Class if you own or owned a UL insurance policy in any of the 50 states, Puerto Rico or any United States territory issued and/or administered by Brighthouse Life Insurance Company that contains the language: “We will base these [cost of insurance] rates only on our future outlook for mortality and expenses,” and that was in force as determined by the applicable statute of limitations as of April 6, 2021.
- To determine if your policy is included, please see FAQ 5 How do I know if I am included in the Setlement Class.
If you are a Settlement Class Member, you will automatically receive a cash payment from the Settlement Fund. Your payment amount will be determined after Settlement Administration Expenses, Service Award, and Class Counsel’s Fees and Expenses have been deducted from the Settlement Fund.
In 2025, notice was provided because the Court established or “certified” the lawsuit as a class action. The Plaintiff and Defendant have now settled the lawsuit, and you may be eligible for a cash payment from the Settlement.