United States District Court for the Northern District of California Julie Grundstrom, et al., v. Wilcac Life Insurance Company, et al., Case No. 3:20-cv-03445-MMC IF YOU WERE A POLICY OWNER OR BENEFICIARY OF ONE OR MORE LIFE INSURANCE POLICIES ISSUED OR DELIVERED BY WILCAC LIFE INSURANCE COMPANY, TEXAS LIFE INSURANCE COMPANY, WILTON REASSURANCE LIFE COMPANY OF NEW YORK, OR THEIR PREDECESSORS, THAT LAPSED OR TERMINATED DURING THE CLASS PERIOD FOR NONPAYMENT OF THE AMOUNT DUE, YOU MAY BE ENTITLED TO RELIEF FROM A CLASS ACTION SETTLEMENT. THIS DETAILED CLASS NOTICE (“NOTICE”) SUMMARIZES THE PROPOSED SETTLEMENT. FOR THE PRECISE TERMS OF THE SETTLEMENT, PLEASE REVIEW THE SETTLEMENT AND RELEASE AGREEMENT (“AGREEMENT”). YOU MAY OBTAIN A COPY OF THE AGREEMENT BY VISITING THE SETTLEMENT WEBSITE (WWW.LIFEINSURANCETERMINATIONSETTLEMENT.COM); BY CONTACTING THE SETTLEMENT ADMINISTRATOR AT THE ADDRESS OR TOLL-FREE NUMBER PROVIDED HEREIN; BY ACCESSING THE COURT DOCKET IN THIS CASE, FOR A FEE, THROUGH THE COURT’S PUBLIC ACCESS TO COURT ELECTRONIC RECORDS (PACER) SYSTEM AT HTTPS://ECF.CAND.USCOURTS.GOV; OR BY VISITING THE OFFICE OF THE CLERK OF COURT FOR THE UNITED STATES DISTRICT COURT FOR THE NORTHERN DISTRICT OF CALIFORNIA, 450 GOLDEN GATE AVENUE, SAN FRANCISCO, CA 94102, BETWEEN 9:00 A.M. AND 4:00 P.M. PST, MONDAY THROUGH FRIDAY, EXCLUDING COURT HOLIDAYS. The class action lawsuit (Julie Grundstrom, et al., v. Wilcac Life Insurance Company, et. al, Case No. 3:20-cv-03445-MMC (N.D. Cal.) (the "Action")) alleges that Wilcac Life Insurance Company, Texas Life Insurance Company, and Wilton Reassurance Life Company of New York (collectively, "Defendants"), terminated life insurance policies for non-payment of the amount due in violation of California Insurance Code Sections 10113.71 and 10113.72 (the “Statutes”), which relate to termination of life insurance policies. The Settlement is not a finding or an admission of liability by Defendants, which deny all allegations of wrongful conduct. Am I A Class Member? Class Members are Policy Owners of individual life insurance policies issued or delivered in California by Wilton, or issued or delivered outside California by Wilton where the Policy Owner resided in California on the Final Lapse Date, that: (i) lapsed or terminated during the Class Period for nonpayment of the amount due without the benefit of one or more of the requirements of California Insurance Code Sections 10113.71 and 10113.72; (ii) have a Maturity Date that did not expire prior to the Insured’s death, or if the Insured is still living, prior to July 31, 2026; and (iii) were not affirmatively canceled in writing by the Policy Owner ("Class Policies"). If the named Insured under the Class Policy is deceased as of July 31, 2026, the beneficiary(s) of the Class Policy may also be Class Members. What Benefits are Available? If approved by the Court, the Settlement offers the following settlement relief to Class Members: (1) if the named insured under the Class Policy is alive as of July 31, 2026, the Policy Owner, upon timely payment of the Discounted Reinstatement Amount, can reinstate the Class Policy without underwriting and without triggering a new contestability period under the Class Policy; (2) if the named insured under the Class Policy is deceased as of July 31, 2026, the beneficiary(s) of the Class Policy may be entitled to a monetary payment, which will be determined based on the Plan of Allocation, as described in the Settlement Agreement. How Do I File a Claim? Class Members must timely submit a properly completed Claim Form or Reinstatement Request Form no later than January 6, 2027. Claim Forms and Reinstatement Request Forms may be obtained online at www.LifeInsuranceTerminationSettlement.com, or by contacting the Settlement Administrator at 1-844-405-4091 or info@LifeInsuranceTerminationSettlement.com. SUBMITTING A CLAIM FORM OR REINSTATEMENT REQUEST FORM DOES NOT GUARANTEE THAT YOU WILL RECEIVE RELIEF UNDER THE SETTLEMENT. If you have questions or experience any difficulty completing the Claim Form or Reinstatement Request Form, please contact the Settlement Administrator for assistance. What Are My Other Options? If you are a Class Member associated with a Class Policy where the named insured is deceased as of July 31, 2026, and you do not want to be legally bound by the Settlement, you must exclude yourself from the Settlement Class by January 6, 2027. If you timely and validly exclude yourself from the Settlement Class, you cannot get settlement relief but will retain any rights you may have to sue the Defendants over the legal issues in the Action. If you stay in the Settlement Class, you may object to the Settlement by submitting a written Objection Notice to the Settlement Administrator by January 6, 2027.The Detailed Class Notice available at the Settlement Website explains how to exclude yourself from the Settlement Class and how to object to the Settlement. The Court will hold a Fairness Hearing on March 5, 2027, to consider whether to approve the Settlement; whether to approve Class Counsel's request for attorneys' fees (up to $5,250,000.00) and litigation costs (up to $100,000.00); and whether to award the Class Representatives an Incentive Award—of no more than $10,000 for Plaintiff Julie Grundstrom and no more than $5,000 for Plaintiff David Merritt—for their services in helping to bring and settle this Action. You may appear at the Fairness Hearing, but you are not required to attend. You may also hire your own attorney, at your own expense, to appear and speak for you at the hearing. For more information, contact the Settlement Administrator or visit the Settlement Website at www.LifeInsuranceTerminationSettlement.com. 1 For purposes of this Settlement, “Class Period” shall mean the period from January 1, 2013, through July 31, 2026. 2 For purposes of this Settlement, “Wilton” shall mean any Defendant, and their respective predecessor(s) under the Class Policy, but only to the extent one of the Defendants was the insurer under the Class Policy as of the Final Lapse Date.