The facts of the case are relatively simple. In 1999 the insured, Kelly Couch, purchased a $500,000 life insurance policy from Jackson National Life Insurance Company. He lied in the application about his health condition –...more
Appeal from the United States District Court for the Northern District of Georgia, D.C. Docket No. 1:17-cv-03857-WMR.
On February 4, 2022, the United States Court of Appeals for the Eleventh Circuit certified two...more
Plaintiff, Sun Life Assurance Company of Canada, (“Plaintiff”) filed a declaratory judgement action against Wells Fargo Bank, N.A., as securities intermediary and nominal, record owner for its secondary and tertiary life...more
A Georgia federal district court recently rendered a declaratory judgment in action filed on October 3, 2017, by Jackson National Life Insurance Company (“Jackson”) against Sterling Crum (“Crum”), the transferee and secondary...more
In this article we summarize the reporting requirements under IRS Form 1099-LS relating to IRC Section 6050Y “Reportable Policy Sales”. The reporting requirements apply to all Reportable Policy Sales after December 31, 2018....more
The U.S. Eleventh Circuit Court of Appeals certified 2 questions under Florida law to the Florida Supreme Court relating to 3 STOLI life insurance policies. The Florida Supreme Court rephrased (and conflated) the 2 questions...more