Important Updates August 31, 2021

The Court issued a Final Order and Judgment on June 3, 2020, granting final approval to the Settlement. Payments were issued to all eligible Settlement Class Members who submitted Authorized claims prior to the Claim Filing Deadline.

All Settlement Payments have been distributed and all checks that were not cashed or deposited prior to August 13, 2020, are now void. All unclaimed Settlement Payments that were not claimed prior to the final void date have been returned to Defendants as required by the Settlement Agreement. Pursuant to the Court's June 24, 2021 Order re Completion of Settlement Administration, the Settlement is now closed. All Settlement Class Members continue to be bound by the Settlement and orders of the Court. Please contact Prudential directly if you have questions about your policy.


A settlement has been reached in a class action lawsuit against Pruco Life Insurance Company, The Prudential Insurance Company of America, and Pruco Life Insurance Company of New Jersey (together, “Defendants” or “Prudential.”)

The class action lawsuit (the “Action”) alleges that Prudential requested payments from policy owners in excess of the amounts provided for under certain universal and variable universal life insurance contracts issued by Prudential when those policies entered default or lapsed.

Plaintiff claimed, among other things, that Prudential’s conduct constituted breach of contract and breach of the duty of good faith and fair dealing, and violated the California Unfair Competition Law, Bus. & Prof. Code §§17200 et seq. and similar laws of other United States jurisdictions.

Prudential denies all allegations of wrongdoing. The Court has not determined who is right. Rather, the Parties have agreed to settle the lawsuit to avoid the uncertainties and expenses associated with litigation.

Your Prudential policy is included in the Settlement if it is an individual universal life or variable universal life insurance policy for which Guaranteed Charges (i.e. the maximum allowed charges under the policy rather than the then Current Charges) were applicable to the calculation of the deficiency amount requested to cure a default and/or the reinstatement amount requested to reinstate a lapsed policy, and the policy entered into default or lapsed between July 18, 2013 and November 26, 2019 (the “Class Period”), or had a default cured or was reinstated on or after July 18, 2013 and remained in force on November 26, 2019.

This definition includes:

  1. Policies that lapsed for a final time during the Class Period and have not been reinstated to date where there is at least one living insured (the “Lapsed/Alive” Population);
  2. Policies that lapsed for a final time during the Class Period and were not reinstated where the insured(s) are deceased (the “Lapsed/Deceased” Population); and
  3. Policies that went into default or lapsed for which payment was made during the Class Period to cure the default or to reinstate after lapse where there is at least one living insured and the policy remains in force (the “Current Policyowner” Population).

You are included in the Settlement as a Policyowner if you are or were an owner (in whole or in part) of one or more Class Policies, unless you previously signed a settlement agreement with Prudential resolving a complaint or lawsuit that released Prudential from any claims relating to your policy. If all Policyowners and insureds on a Class Policy are deceased, and you were a designated beneficiary at the time of final lapse of that Class Policy, you are also included in the Settlement Class.

Those included in the Settlement Class may be eligible to receive the relief described in the Notice and on the FAQ page of this website. A copy of the Settlement Agreement, which defines all initial capitalized terms used in the Notice and on this website, is available here.


Your Legal Rights and Options in This Settlement
Submit a Claim Form

If a Class Policy has lapsed and is no longer in force, the only way to receive Settlement relief is to submit a Claim Form.

If you are a current Policyowner, you cannot (and do not need to) submit a Claim Form. A change in the way your Policy is administered, agreed to in this Settlement, will apply to your Policy if you default and/or lapse.

Exclude Yourself If you exclude yourself from the Settlement, you will receive no Settlement relief, but will retain any rights you currently have to sue Prudential about the claims in this case.
Object Write to the Court explaining why you do not like the Settlement. You remain part of the Class if you choose this option.
Go to the Hearing Ask to speak in Court about your opinion of the Settlement. You remain part of the Class if you choose this option.
Do Nothing

If you are a former Policyowner or were a designated beneficiary of a Class Policy (defined above) that lapsed and is no longer in force, you will not get Settlement relief if you do nothing.

If you are a current Policyowner a change in the way your Policy is administered, agreed to in this Settlement, will apply to your Policy if you default and/or lapse even if you do nothing.

Either way, if you do nothing you give up your rights to sue Prudential and other persons on certain claims as described in FAQ 15.



For more information on your rights in this Settlement, please review the Notice and the FAQs on this website.

To the extent you (or any potential Claimant) communicate with any agent, financial professional, producer, advisor or representative regarding the Settlement, or seek or obtain advice about making a claim for reinstatement, those communications will be deemed to be exclusively on behalf of you (the Claimant), and not authorized, directed or made by, or on behalf of Prudential. No agent, financial professional or producers (including independent appointed agents and brokers and/or Prudential agents) are authorized by Prudential to act on the Company’s behalf with respect to the Settlement, including providing any advice regarding participation in the Settlement by you or any potential Claimant.