Sun Life Class Action
Important updates
The Settlement Approval Hearing is scheduled for September 8, 2026, at 2 pm EST.
All Class Members have the right to make a written submission to the Court to support or oppose the Settlement by delivering it to Class Counsel on or before August 31, 2026.
The written submission must contain the full name and contact information of the Class Member who is making the submission, as well as additional required details. Please email sunlife@classaction2.com to learn more.
Introduction
CA2 is the court appointed Claims Administrator in the Sun Life / MetLife Universal Life Insurance Class Action.
The class action alleges improper administration of certain universal life insurance policies that were marketed and sold by Met Life from 1987 through to 1998. The policies are now administered by Sun Life. The proposed settlement provides for direct monetary compensation for certain members of the class and future policy benefits to currently policyholders.
A proposed $213.5 million settlement has bee reached. Under the proposed settlement, direct monetary compensation will be provided to certain current and former Flexiplus policyholders for a portion of past Cost of Insurance (“COI”) and Administrative Fee increases. Direct monetary compensation will also be provided to certain current and former Universal Plus policyholders for a portion of the COI charges paid in excess of the “Maximum Premium” amounts set out in their policies. The proposed Settlement also provides COI rate and administrative fee freezes for current Flexiplus policyholders, and a cap on future COI charges for current Universal Plus policyholders. OptiMet policyholders will not receive benefits under the proposed Settlement. The proposed Settlement includes payment of administration expenses, and Class Counsel will apply to the Court for approval of certain legal fees and disbursements to be paid out of that sum.
The national subclasses certified by the Court are:
- The “Universal Plus Class” is defined as persons who owned or own a Universal Plus policy sold by MetLife in Canada during the period 1987 through 1998, including any successor owners of the policy.
- The “Flexiplus Class” is defined as persons who owned or own a Flexiplus policy sold by MetLife in Canada during the period 1987 through 1998, including any successor owners of the policy whose monthly costs of insurance and or monthly administration fee was increased in one or more of 2001, 2006, or 2015 or the ninth year of the policy.
- The “Optimet Class” is defined as persons who owned or own an Optimet policy sold by MetLife in Canada during the period 1987 through 1998, including any successor owners of the policy where an increased cost of insurance rate was charged and paid commencing in year nine (9) of the policy.
The opt out period has now passed. If you fall within the above definition and did not opt out, you are automatically a class member.
Court Documents
For more information, please visit the settlement website at www.sunlifeclassaction.com
Contact Us
Sun Life Class Action
c/o CA2 Inc.
9 Prince Arthur Avenue
Toronto, ON M5R 1B2
sunlife@classaction2.com
Tel: 1-800-538-0009