Financial services

PHL Variable Life COI Settlement

PHL (Phoenix Life Insurance)

PHL raised cost-of-insurance (COI) rates on certain variable life insurance policies. A $18.5 million fund was created to compensate affected policyholders. If your policy experienced a COI rate increase in the relevant period, you may be eligible for a payment.

Total fund

$1.9B

Estimated payout

Pro rata share of $18.5 million fund

Administrator

Jnd

Who may qualify

You qualify if you owned a PAUL or PEL policy issued by PHL that had a COI rate scale increase between November 5, 2017 and the first policy anniversary on or after January 1, 2021.

How to claim

This claim is publicly available and free to file yourself directly with the settlement administrator. Read the official eligibility rules and deadline before filing - they are the source of truth. PendingMoney can find, fill, and track it for you, but you can always do it on your own.

View official requirements on phlcoisettlement.com

Not sure if this one - or others - may be waiting in your name? Run a free 2-minute check.

Find My Pending Money

Eligibility and payouts are not guaranteed and are decided by the settlement administrator, not PendingMoney. PendingMoney is not a law firm and does not provide legal advice. Available to U.S. residents only.

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