Yes. Excluded from the Settlement Class are (i) Class Counsel and their employees; GLAIC, its officers and directors and their immediate family members; the Court, the Court’s staff, and their immediate family members; and the heirs, successors, or assigns of any of the foregoing; and (ii) all Owners that submit a timely and valid written request to be excluded from the Settlement Class. Also excluded from the Class are owners of Gold and Gold II policies that have terminated as a result of the death of the insured on or before March 31, 2022, where the 2019 COI Rate Adjustment did not result in an Incremental COI Deduction before the death of the insured. For purposes of clarification only, the Settlement Class also does not include any policies issued or insured by Genworth Life Insurance Company or its predecessors or successors.
In addition, policy owners have an opportunity to request exclusion from the Settlement, as described below. Policy owners that timely and validly request exclusion will not be part of the Settlement Class and will not be entitled to any of its benefits.
If an individual or entity is the Owner of both a Class Opt-Out and a policy in the Settlement Class, the Owner is included in the Settlement Class with respect to the policy in the Settlement Class but not with respect to any Class Opt-Outs. If an Owner (such as a securities intermediary or trustee) owns multiple policies on behalf of different principals, that Owner may stay in or opt-out of the Settlement Class separately for each policy.