Judge Allison H. Goddard (S.D. Cal. Case No.: 3:22-cv-01861-AHG) granted final approval of a $153 million settlement between life insurance policyholders and beneficiaries. The life insurance company is required to implement proper procedures to comply with California law, to ensure that current and future policyholders receive proper notices for lapses, grace periods and termination of  policies. Living insureds restored $73 million in policy value, with $80 million paid to a common fund for death beneficiaries, attorneys fees and costs.