Baxley v. Jackson National Life Insurance Company

IN THE UNITED STATES DISTRICT COURT FOR THE NORTHERN DISTRICT OF ALABAMA SOUTHERN DIVISION LOUIS BAXLEY, et al., ) ) Plaintiffs, ) ) v. ) Civil Action No. 2:20-cv-265-CLM ) JACKSON NATIONAL LIFE ) INSURANCE COMPANY, ) ) Defendant. ) MEMORANDUM OPINION Plaintiff Louis Baxley (“Baxley”), as co-executor of the Estate of James L. Smith, sues Defendant Jackson National Life Insurance Company (“Jackson”) for breach of contract.1 Baxley’s claim arises out of Jackson’s decision to pay the proceeds of two annuities held by James L. Smith (“Smith”) to Smith’s natural children rather than to the Estate.…