Talcott Life Insurance Premium Tax Settlement Worth 11 Million for Universal Life Policyholders
The Talcott Life Insurance Premium Tax Settlement Worth 11 Million for Universal Life Policyholders settlement offers $11M in total, with individual payouts of $100 to eligible claimants who you owned or previously owned a universal life or variable universal life insurance policy issued by hartford life insurance co., hartford life and annuity insurance co., talcott resolution life insurance co., or talcott resolution life & annuity insurance co.. The deadline to file is August 26, 2026. Proof of purchase is not required.
Deadline: August 26, 2026
Total amount allocated for all claims
Estimated amount per eligible claim
No proof of purchase needed — anyone eligible can file a claim
No claim form is required for class members to receive payment. Eligibility is determined based on the policy details and premium payments during the qualifying periods (2015 to early 2025 as specified in Exhibit B) and whether an address change and/or incorrect premium tax rate (including retaliatory tax and New York overcharge allegations) occurred per the settlement’s criteria.
Settlement Summary
Universal life and variable universal life policies often come with insurance-company charges that include state premium taxes, which can change depending on where the policyholder lives. In this case, policyholders alleged that Talcott Financial Group—working with Prudential Insurance Co. of America as the policy administrator—improperly calculated those taxes. The complaint claims the firms failed to update premium tax rates when a customer changed their address or when state tax laws changed, allegedly using the wrong (sometimes higher) rates—such as applying Connecticut rates to people living in other states under “retaliatory” tax rules, and charging certain New York policyholders more than the statutory rate. The class action was filed to seek refunds for these alleged overcharges and to force a uniform remedy across many affected policyholders rather than leaving individuals to pursue separate claims. The settlement is valued at $11 million and would compensate eligible policyholders: in some categories, they may receive 100% of alleged overcharges (minus a proportional share of attorneys’ fees and expenses), while in others—such as the retaliatory-tax and New York overcharge allegations—payments come from the remaining net settlement fund on a pro rata basis. Class members do not need to file a claim to be eligible, and the process reflects how regulated insurance premiums and taxation are handled under state-based insurance premium tax frameworks, with insurers required to follow the rates tied to the policyholder’s residence; the notice also highlights a coordinated settlement approach typical in disputes over billing accuracy and compliance.
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Eligibility Requirements
- You owned or previously owned a universal life or variable universal life insurance policy issued by Hartford Life Insurance Co., Hartford Life and Annuity Insurance Co., Talcott Resolution Life Insurance Co., or Talcott Resolution Life & Annuity Insurance Co.
- Your policy included premium-tax language stating the charge depends on your state or municipality of residence and can change if your address or applicable state tax rate changes.
- You made premium payments during qualifying time periods between 2015 and early 2025 (as listed in Exhibit B of the settlement agreement).
- Your policy experienced at least one of the following: (1) an address-of-record change after issuance where the insurer allegedly did not update the premium tax rate to match the new state, or (2) an alleged incorrect premium tax rate due to not updating rates when laws changed and/or applying a higher rate than allowed (including use of Connecticut’s rate for non-Connecticut policyholders under retaliatory tax rules).
- Your policy was issued in one of the listed states/jurisdictions where the alleged rate issues apply (Arizona, Connecticut, District of Columbia, Idaho, Illinois, Indiana, Iowa, Kentucky, Michigan, Minnesota, Nebraska, New Hampshire, New York, Ohio, Oregon, South Carolina, or Wyoming).
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Important Notice About Filing Claims
Submitting false information in a settlement claim is considered perjury and will result in your claim being rejected. Fraudulent claims harm legitimate class members and may result in legal consequences.
If you are unsure about your eligibility for this settlement, please visit the official settlement administrator’s website using the link provided above. Review the eligibility criteria carefully before submitting a claim.
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