H.H. Holmes, considered by some to be America’s first serial killer, would sometimes take out life insurance policies on his intended victims. This entrepreneurialism had several consequences, one of which was Holmes’ execution in 1896. It also helped motivate ...

Tagged with: first impression life insurance

Horne Heating & Air Conditioning Co. v. Horne (Lawyers Weekly No. 020-098-17, 9 pp.) (Louis Bledsoe III, J.) 2017 NCBC 94 Holding: The complaint alleges that the plaintiff-corporation, the late Elverson Horne, and his son Jonathon Horne executed a stock ...

Tagged with: life insurance

Anderson v. United States Life Insurance Co. (Lawyers Weekly No. 14-04-0961, 13 pp.) (Max Cogburn Jr., J.) 3:13-cv-00489; W.D.N.C. Holding: Even if defendants’ agents did promise plaintiff that, if he became disabled, his premiums would be waived for life, plaintiff ...

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Kiell v. Kiell The record shows that the increase in the value of two life insurance policies was approximately twice the amount of the premiums paid during the post-separation period. Policy statements from the insurer clarify that approximately half the increase in the policies’ values during this period was from interest and dividends. The arbitrator erred in finding that there was no passive post-separation appreciation in the value of the life insurance policies.

Tagged with: Arbitration Domestic Relations equitable distribution life insurance

Dayton v. Dayton Where the trial court made a final finding under G.S. § 28C-11(a) that plaintiff’s missing person had suffered an accidental death, this was a final decree, and the defendant-insurance company neither appealed, nor timely filed a motion to amend.

Tagged with: appeals Civil Practice life insurance trusts & estates

In re Foster Where the beneficiary of the debtors’ life insurance policies is a trust, and where the trust authorizes payments to the unsecured creditors of the debtor-decedent - creditors who would otherwise have been barred from accessing such funds by the protection offered under N.C. Const. art. X, § 5 - such a trust is not for the “sole use and benefit” of the debtor’s spouse and children, as contemplated by art. X, § 5. The court sustains the trustee’s objection to exemptions claimed in the debtors’ life insurance policies.

Tagged with: Bankruptcy Exemptions life insurance Trust

McCravy v. Metropolitan Life Ins. Co. A bank employee who paid for life insurance for her daughter through her employee benefit plan, but who was denied insurance benefits when her 25-year-old daughter died, is not entitled to the insurance proceeds as "equitable relief" for the insurance carrier's breach of fiduciary duty after the daughter was no longer eligible for the insurance; the 4th Circuit says plaintiff only gets a refund of the premiums she paid.

Tagged with: ERISA life insurance