Branch Banking & Trust Co. v. Pacific Life Insurance

ALICE M. BATCHELDER, Circuit Judge.

Following a remand, this case was tried to a jury, which found for Branch Banking & Trust, and the district coui*t entered judgment. Pacific Life Insurance now appeals certain of the district court’s rulings. We AFFIRM.

I

Branch Banking & Trust (BB & T) is the trustee of the Charles and Elise Brown Irrevocable Life Insurance Trust, originally funded with a Pacific Life “variable life insurance policy” at a death benefit of $12.83 million. In 2008, Walter Koczot, the BB & T trust officer for this Trust, decided to replace the Pacific Life policy with a similar…