Del Sonno v. American International Life Assurance Co.

Appeal (1) from an order of the Supreme Court (Keniry, J.), entered December 24, 1987 in Rensselaer County, which, inter alia, granted plaintiff’s motion for summary judgment against defendant American In*801ternational Life Assurance Company of New York, and (2) from the judgment entered thereon.

In May 1977, as a condition of obtaining a Small Business Administration loan in the amount of $210,000 through defendant Taconic Valley Bank for his custom meat business, decedent, William L. Del Sonno, was required to purchase and maintain life insurance on his life in an amount sufficient to cover the…