Pitts v. Jackson National Life Insurance

This appeal arises out of Jackson National Life Insurance Company’s sale of preferred and non-preferred whole life insurance polices. Southland Container Corporation originally brought this class action suit against Jackson National, alleging several causes of action including breach of fiduciary duty/constructive fraud; fraudulent concealment and non-disclosure; and unjust enrichment and imposition of a constructive trust. William Wade Pitts was later substituted as named plaintiff. The circuit court granted Jackson National’s motion to dismiss the breach of fiduciary duty and constructive…