Sun Life Assurance Co. of Canada v. Conestoga Trust Services, LLC
District Court, E.D. Tennessee
1Opinion of the Court
MEMORANDUM OPINION
Pamela L. Reeves, UNITED STATES ■ DISTRICT JUDGE
This case concerns a life insurance policy issued by Sun Life Assurance Company of Canada on the life of Erwin Collins. Sun Life filed this action seeking a declaration that the policy is void due to having been procured as a wagering contract on the life of Collins. Sun Life contends the policy is a “stranger originated life' insurance (STO-LI)” policy, wherein investors utilized Collins’ life as a conduit to procure the policy, wager on his life, and profit from his death. Therefore, Sun Life argues Conestoga has no right to…
2Cases cited18 opinions
- Anderson v. Liberty Lobby, Inc.Supreme Court of the United States · 1986
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- Matsushita Electric Industrial Co., Ltd. v. Zenith Radio CorporationSupreme Court of the United States · 1986
- Fed. Sec. L. Rep. P 94,768 Phil A. Street and Clyde H. Street v. J.C. Bradford & CompanyCourt of Appeals for the Sixth Circuit · 1990
- Burchett v. KieferCourt of Appeals for the Sixth Circuit · 2002
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