October 06, 2023
Owners of more than 50,000 Lincoln National Corp. life insurance policies will split a pool of $109 million to settle claims that Lincoln imposed burdensome cost-of-insurance charges to force policy lapses and avoid paying benefits, a Pennsylvania federal court ruled.
September 12, 2017
A Pennsylvania federal judge on Monday found a group of Lincoln National Corp. life insurance policyholders have stated a case for breach of contract in their class action against the company for cost of insurance rate increases, although he trimmed a few of their state law claims.