In re Lincoln National Coi Litigation

MEMORANDUM

PAPPERT, J.

This case is a consolidated class action brought on' behalf of the named Plaintiffs1 *627and all similarly situated owners of JP Legend 300 and JP Lifewriter Legend 100, 200 and 400 life insurance policies. Among other things, Plaintiffs challenge a Cost of Insurance (“COI”) rate increase imposed on certain policyholders by Lincoln National Life Insurance Co. (“Lincoln”), a wholly-owned subsidiary of Lincoln National Corporation (“Lincoln National”.). The Policies give Lincoln discretion to determine the COI rate based on its expectation of future mortality, interest,…