UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF OHIO

NOTICE OF PROPOSED CLASS ACTION SETTLEMENT AND FAIRNESS HEARING

If you own, purchased, or contributed to the purchase of a Nova or Supernova insurance policy issued by U.S. Financial Life Insurance Co.
and experienced a policy rate increase, you may be eligible for benefits from a class action settlement.

A federal court authorized this Notice. It is not a solicitation from a lawyer.

A settlement has been reached with U.S. Financial Life Insurance Company (“USFL”) in a class action lawsuit about the cost of insurance rate increase that USFL implemented in 2015.

You are included in this settlement as a Settlement Class Member if you (1) purchased, contributed to, participated in the purchase of, or own a Nova or Supernova policy, (2) received coverage from the Nova or Supernova insurance policies issued by USFL, and (3) experienced a cost of insurance rate increase beginning on your policy anniversary after August 31, 2015.

Your rights are affected whether you act or don’t act. Read the Notice carefully.

YOUR  LEGAL RIGHTS AND OPTIONS IN THIS SETTLEMENT
ASK TO BE EXCLUDED DEADLINE: SEPTEMBER 15, 2021	This is the only option that allows you to sue, continue to sue, or be part of another lawsuit against USFL related to the legal claims this settlement resolves. However, you will give up the right to get a payment from this settlement.
OBJECT TO THE SETTLEMENT DEADLINE: SEPTEMBER 15, 2021	If you do not exclude yourself from the settlement, you may object to it by writing to the Court about why you don’t like the settlement. If you object, you will still be eligible for the settlement benefits.
GO TO A HEARING ON OCTOBER 25, 2021	You are not required to hire your own lawyer and/or speak at the Fairness Hearing. If you timely and properly object to the settlement, you may ask the Court for permission to speak at the Fairness Hearing about your objection.
DO NOTHING	If the settlement is approved and becomes final, you will receive a settlement payment and other settlement benefits further explained in the Notice, but you will give up the right to sue, continue to sue, or be part of another lawsuit against USFL about the legal claims resolved by this settlement.

These rights and options—and the deadlines to exercise them—are explained in the Notice.

The Court in charge of this case still has to decide whether to approve the settlement.