Ameritas Life Insurance Corp. v. Wilmington Trust N.A.
Case Number:
1:22-cv-00907
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August 11, 2023
Insurer, Bank Drop $5M Life Policy Scheme Dispute
A dispute between an insurer and an M&T Bank subsidiary was voluntarily dismissed in a Delaware federal court Friday, ending a spat over a 76-year-old woman's $5 million life insurance policy and its potential involvement in a scheme.
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September 21, 2022
Bank Says Insurer Can't Void Senior's $5M Life Policy
An M&T Bank subsidiary told a Delaware federal court that just because an insurer says a $5 million life insurance policy amounts to a wager on a senior citizen's life doesn't mean it should be able to void the policy, pointing to the insurer accepting premium payments on it for years.
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July 07, 2022
Insurer Calls $5M Life Policy An Illegal 'Wager' Under Del. Law
Ameritas Life Insurance Corp. asked a Delaware federal court Thursday to void a $5 million life insurance policy, saying it was taken out by a third party as a wager on the life of a senior citizen and thus violated the state's constitution, insurable interest laws and public policy.