NOTICE OF CERTIFIED CLASS ACTION RE UNIVERSAL LIFE INSURANCE POLICIES SOLD BY METLIFE IN THE PERIOD 1987-1998 AND NOW ADMINISTERED BY SUN LIFE
If you or a family member holds or held a Universal Plus, Flexiplus, or Optimet universal life insurance policy purchased from Metropolitan Life Insurance Co. in Canada in 1987-1998, this notice may affect your rights. Please read carefully.
A national class action lawsuit has been certified against Sun Life with respect to the policies listed above. The action seeks recovery of alleged overcharges paid by class members, any related damages, and/or a declaration about future premiums. The class includes both current policyholders and former holders of policies that lapsed, were surrendered, or were paid out.
If this describes you or a family member, you do not need to take any action at this time – you will automatically be included in the class.
The lawsuit is pending and has not been decided or settled. Class action lawsuits work to determine common legal issues that apply to members of the class. There is no cost to participate in the common issues stage of the lawsuit. Six plaintiffs have been appointed by the Court to represent the class. The outcome of the class proceeding, whether favourable or not, will bind all class members who do not opt out of this proceeding by September 17, 2021. If you wish to opt out, please contact Class Counsel for directions on how to submit a written opt-out letter before the deadline.
FOR MORE INFORMATION, PLEASE CONTACT CLASS COUNSEL:
Website: SunLifeClassAction.com
Email: SunLifeClassAction@complexlaw.ca
Kim Spencer McPhee Barristers PC
1200 Bay Street, Suite 1203
Toronto, ON M5R 2A5
Phone: 416 349-6588
www.complexlaw.ca