Legal Opinion
Asad v. Hartford Life Insurance
District Court, N.D. Illinois
Decided September 11, 2000No. 99 C 5612PublishedCited by 9 opinions
1Opinion of the Court
MEMORANDUM OPINION AND ORDER
BUCKLO, United States Magistrate Judge.
Like many conscientious Americans, Dean Pappas, a citizen of Illinois, wanted to plan for retirement. His broker Douglas Asad contacted Hartford Life Insurance Company (“Hartford”), a Connecticut firm, where insurance agent Wold suggested that Pappas purchase a “last survivor interest sensitive policy.” He expected to pay $60,000 in out-of-pocket annual premiums for ten years. Thereafter, dividends and interest would accumulate to cover the premium payments, a feature known as a “vanishing premium.” But after Pappas paid the…
2Cases cited21 opinions
- Conley v. GibsonSupreme Court of the United States · 1957
- Thomas v. Union Carbide Agricultural Products Co.Supreme Court of the United States · 1985
- Fed. Sec. L. Rep. P 95,228 Rocco Dileo and Louise Dileo v. Ernst & YoungCourt of Appeals for the Seventh Circuit · 1990
- HPI Health Care Services, Inc. v. Mt. Vernon Hospital, Inc.Illinois Supreme Court · 1989
- Air Safety, Inc. v. Teachers Realty Corp.Illinois Supreme Court · 1999
16 more not listed; retrieve them via the Exa API.
3Cited by9 opinions
- Motorola Credit Corp. v. UzanDistrict Court, S.D. New York · 2003
- Adrienne Dilworth v. Metropolitan Life Insurance CompanyCourt of Appeals for the Third Circuit · 2005
- LeDonne v. AXA Equitable Life InsuranceDistrict Court, N.D. Illinois · 2006
- Vigortone Ag Products, Inc. v. PM Ag Products, Inc.District Court, N.D. Illinois · 2001
- Dilworth v. Metro Life Ins CoCourt of Appeals for the Third Circuit · 2005
4 more not listed; retrieve them via the Exa API.