Berry v. Jackson National Life Insurance Co.

Welcome to the home page of the Berry v. Jackson National Life Insurance Co., Case No. D-0101-CV-2000-02603 Class Action Settlement website

The Opt Out deadline has passed. You may no longer Opt Out from the settlement.

The Objection deadline has passed. You may no longer Object to the settlement.

If you purchased a term life insurance policy or rider from Jackson National Life Insurance Company prior to June 1, 2003, and if, after the first policy year, you paid premiums semi-annually, quarterly or monthly at any time after November 1, 1994, you may be affected by a proposed settlement of a class action lawsuit

The Plaintiff in this Lawsuit represents all of the members of the Settlement Class. She complained that Jackson charged her deceased husband more in premiums for his Jackson renewable term life insurance policy than the policy permitted. Specifically, the Class Representative alleged that the policy, which contained a maximum annual premium schedule, did not permit Jackson to charge her husband (and other policy holders) who paid premiums on an installment basis more than it charged those policy holders who paid their premiums in a single, up-front payment. The amount of that additional charge is known as a “modal premium charge.” The Class Representative alleged that charging and collecting a modal premium charge is a breach of the insurance policy contract. Jackson denied the Class Representative’s allegations and raised various defenses to the claim. Jackson also believes that its conduct in charging “modal premium charges” to those who paid premiums in installments was at all times lawful. The Parties to the Lawsuit have engaged in an extensive investigation into the facts, including the exchange of many documents and the taking of testimony of witnesses for each side, and the Parties have also filed various motions with the Court.

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