Loyalty Life Insurance v. Fredenberg
Appellate Division of the Supreme Court of the State of New York
1Opinion of the Court
OPINION OF THE COURT
Casey, J.
In 1986 plaintiff issued a policy of insurance in the face amount of $1,500,000 on the life of defendant Roland A. Augustine with defendant Joanne A. Fredenberg as owner. The policy was part of an estate and financial plan intended to permit the continued operation of defendants’ business agency if its sole shareholder and director died and financially provide for the survivors of Augustine. As written, the policy carried a monthly premium of $7,289.61. In March 1990, in response to an inquiry on behalf of defendants, a duly authorized agent of plaintiff advised,…
2Cases cited7 opinions
- Chimart Associates v. PaulNew York Court of Appeals · 1986
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- Barclay Arms, Inc. v. Barclay Arms AssociatesNew York Court of Appeals · 1989
- Harris v. UhlendorfNew York Court of Appeals · 1969
- Metropolitan Life Insurance v. OseasAppellate Division of the Supreme Court of the State of New York · 1941
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