Case No. 2:23-cv-04159
If you own or owned a Form 86040, A86040, 86075, or A86075 Flexible Premium Adjustable Whole Life (or Universal Life) Insurance policy issued by State Farm, a class action settlement may affect your rights.
A Settlement has been reached with State Farm in a class action lawsuit about the Cost of Insurance deducted from the Cash Value of these policies. If the Settlement is approved by the Court, you will automatically receive a payment. No further action is required.
Generally, the Settlement includes current and former Form 86040/A86040 and 86075/A86075 Flexible Premium Adjustable Whole Life (or Universal Life) Insurance policy owners (see FAQ 4 and FAQ 5).
As part of the Settlement, Settlement Class Members will be eligible to receive a portion of a cash Settlement Fund funded by State Farm in the amount of $65 million (see FAQ 6).
These rights and options—and the deadlines to exercise them—are explained in the Class Notice and this website.
The Court in charge of this case still must decide whether to finally approve the Settlement. Settlement checks will be automatically issued to each Settlement Class Member if the Court approves the Settlement and after any appeals are resolved. You do not need to take further action to receive payment if you are eligible under the Settlement. Please be patient.