Welcome to the website for the class action lawsuit known as 37 Besen Parkway, LLC v. John Hancock Life Insurance Company (U.S.A.).

If You Own a Universal Life Insurance Policy with John Hancock, You May Be Eligible for a Payment from a Class Action Settlement. This Settlement does not affect your life insurance policy or death benefit in any way.

A $91.25 million Settlement has been reached in a class action lawsuit that alleged that John Hancock Life Insurance Company (U.S.A.) (“John Hancock”) charged policyholders excessive (1) cost of insurance (“COI”) charges, and (2) costs under an “Age 100 Waiver of Charges Rider.” John Hancock maintains that it did nothing wrong and denies any wrongdoing or liability. The Court has not decided who is right.

As part of the Settlement, Settlement Class Members who did not timely exclude themselves from the Class were eligible to receive payment from the Net Settlement Fund and automatically received a payment when the Settlement was approved.

Your legal rights are affected whether you act or don’t act. Read this website carefully.


Summary of Your Legal Rights and Options in This Settlement
Do Nothing Receive a payment under the Settlement. Give up certain rights to sue.
Ask to be Excluded

The deadline to Exclude yourself was February 4, 2019.

Receive no benefit from the Settlement. This was the only option that allowed you to retain your right to bring any other lawsuit against John Hancock about the claims for the policies in this case.
Object

The deadline to Object to the Settlement was February 4, 2019.

Write to the Court if you do not like the terms of the Settlement.

These rights and options—and the deadlines to exercise them—are explained on this website.

Current Status

Supplemental, or Phase II Settlement checks were issued to all eligible Class Members on July 2, 2020. Only Class Members who received an initial, or Phase I Settlement check, and negotiated that check prior to its expiration date are eligible for a supplemental Phase II payment.


Important Dates
  • December 21, 2018
    Initial Notice Mailing
  • February 4, 2019
    Deadline to Request Exclusion
  • February 4, 2019
    Deadline for Objections
  • February 19, 2019
    Final Approval Hearing
  • February 25, 2019
    Deadline Re: Supplemental Briefing
  • March 18, 2019
    Fairness Hearing
  • March 31, 2019
    Final Approval Order
  • April 4, 2019
    Final Judgment
  • June 6, 2019
    Initial, Phase I check distribution
  • April 18, 2020
    Deadline to request reissue of Initial, Phase I Settlement Checks
  • July 2, 2020
    Supplemental, Phase II check distribution