Lincoln National Wins $15M Jury Verdict in GMWB Patent Lawsuit

Lincoln National Life Insurance Company won a $13 million jury verdict on Feb. 13 in its patent infringement lawsuit against Transamerica Life Insurance Company, Western Reserve Life Assurance Company of Ohio, and Transamerica Financial Life Insurance Company.

This is the first time in recent memory that an insurance company has asserted its patent rights with respect to an insurance product and prevailed.

Lincoln National Wins $15M Jury Verdict in GMWB Patent Lawsuit
Source: Insurance News Net
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