Legal Opinion
Sun Life Assurance Company of Canada v. Wells Fargo Bank NA (080669) (Statewide)
Supreme Court of New Jersey
Decided June 4, 2019No. A-49-17PublishedCited by 39 opinions
1Opinion of the CourtChief Justice Rabner
In New Jersey and elsewhere, no one can procure a life insurance policy on a stranger's life and receive the benefits of the policy. Betting on a human life in that way, with the hope that the person will die soon, not only raises moral concerns but also invites foul play. For those reasons, state law allows a policy to be procured only if the benefits are payable to someone with an "insurable interest" in the person whose life is insured. N.J.S.A. 17B:24-1.1(b). The beneficiary can be the insured herself, a close relative, a person, corporation, or charity with certain financial ties to the…
2Cases cited33 opinions
- Entergy Gulf States, Inc. v. SummersTexas Supreme Court · 2009
- Mobil Oil Corp. v. HigginbothamSupreme Court of the United States · 1978
- United States v. TexasSupreme Court of the United States · 1993
- Warnock v. DavisSupreme Court of the United States · 1882
- Connecticut Mutual Life Insurance v. SchaeferSupreme Court of the United States · 1877
28 more not listed; retrieve them via the Exa API.
3Cited by39 opinions
- DO NOT FILE IN THIS CASE -TRANSFERRED TO CAMDEN - NEW CIVIL ACTION NO. 1:22-CV-4534District Court, D. New Jersey · 2023
- AMERITAS LIFE INSURANCE CORP. v. WELLS FARGO BANK, NATIONAL ASSOCIATIONDistrict Court, D. New Jersey · 2022
- AMERITAS LIFE INSURANCE CORP. v. WELLS FARGO BANK, NATIONAL ASSOCIATIONDistrict Court, D. New Jersey · 2022
- AMERITAS LIFE INSURANCE CORP. v. WILMINGTON TRUST, N.A.District Court, D. New Jersey · 2022
- Ameritas Life Insurance Corp. v. Wilmington Savings Fund Society FSBDistrict Court, D. Delaware · 2024
34 more not listed; retrieve them via the Exa API.