Claims Against Life Insurer Related To Policy Conversion Fail, 3rd Circuit Says

(May 16, 2024, 9:40 AM EDT) -- PHILADELPHIA — A district court properly granted summary judgment in favor of a life insurer because there is no evidence that the insurer breached its contract, acted in bad faith or made any misrepresentations regarding the policyholder’s options to convert a term life insurance policy to a whole life or universal life insurance policy, the Third Circuit U.S. Court of Appeals said in affirming the district court’s summary judgment ruling....