Settlement Payment Options for Class Members
Settlement payments will be sent by check to all Class Members, except for current policyholders who have chosen to receive their policy dividends as Paid-Up Additions (to increase coverage amounts), or those who have chosen to leave their dividends to accumulate on deposit with SBLI.
Paid-Up Additions: Any Class Member who is a current policyholder and whose dividends are currently applied to increase the Policy coverage amounts (known as Paid-Up Additions) will receive his or her Settlement benefit as Paid-Up Additions unless that Class Member contacts the Settlement Administrator to request payment in the form of a check. (Any such Class Member whose dividends are currently applied as Paid-Up Additions and who has also opted for additional one-year term insurance will automatically receive his or her dividends by check.)
To request a check instead of Paid-Up Additions, please make your request in writing to the Settlement Administrator by email at SBLISettlement@gardencitygroup.com, or by fax, email or mail at
SBLI Litigation Settlement Fund
c/o Settlement Administrator
The Garden City Group, Inc.
PO Box 9472
Dublin, OH 43017-4572
Email: SBLISettlement@gardencitygroup.com
Fax: 206-876-5295*
Accumulations: Any Class Member who has chosen the Policy option of leaving dividends to accumulate on deposit with SBLI will have his or her Settlement payment amount deposited into his or her account. However, those Class Members have the option to withdraw those funds as cash at any time after it has been paid to his or her account without penalty.
* You may fax questions or forms to the administrator, but are encouraged to use Internet, email or U.S. mail.
