Legal Opinion
PHL Variable Insurance v. 2008 Christa Joseph Irrevocable Trust
District Court, D. Minnesota
Decided September 10, 2013No. Case No. 10-CV-3001 (PJS/TNL)PublishedCited by 2 opinions
1Opinion of the Court
FINDINGS OF FACT, CONCLUSIONS OF LAW, AND ORDER FOR JUDGMENT
PATRICK J. SCHILTZ, District Judge.
■ Plaintiff PHL Variable Insurance Company (“PHL”) filed this lawsuit against the *9342008 Christa Joseph Irrevocable Trust (“the Trust”), seeking to rescind a $10 million life-insurance policy on the basis of fraud and lack of insurable interest. (A policy that is allegedly void for lack of insurable interest is sometimes referred to as a “Stranger Originated Life Insurance” or “STOLI” policy.) The Trust never appeared in this action and is in default. Estate Planning, LLC, intervened as a…
2Cases cited19 opinions
- Waseca Mutual Insurance Co. v. NoskaSupreme Court of Minnesota · 1983
- Furlev Sales & Associates, Inc. v. North American Automotive Warehouse, Inc.Supreme Court of Minnesota · 1982
- Kausal v. Minnesota Farmers' Mutual Fire InsuranceSupreme Court of Minnesota · 1883
- Price v. Standard Life & Accident InsuranceSupreme Court of Minnesota · 1903
- Hockemeyer v. PoolerSupreme Court of Minnesota · 1964
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3Cited by2 opinions
- Douglas A. Kelley v. Gus BoosalisCourt of Appeals for the Eighth Circuit · 2020
- PHL Variable Insurance v. 2008 Christa Joseph Irrevocable Trust Ex Rel. BNC National BankCourt of Appeals for the Eighth Circuit · 2015