April 22, 2026
A Delaware federal court voided a life insurance policy as an unlawful wager on a now-deceased Florida woman's life, finding that Ameritas Life Insurance Corp. is entitled to retain the policy's $10 million death benefit and $11 million in premium payments.
October 06, 2022
Ameritas Life Insurance Corp. asked a Delaware federal court to reject U.S. Bank's bid to toss the insurer's lawsuit seeking to void an insurance policy with $20 million in death benefits, arguing the case belongs in Delaware court under the state's insurable-interest statute even though the policy was held by a Florida resident.
September 08, 2022
U.S. Bank told a Delaware federal court that Ameritas Life Insurance Corp.'s swift efforts to void an insurance policy with $20 million in death benefits demonstrates the insurer's scheme to only "bill, collect and retain premiums."
May 11, 2022
A life insurer said it has no obligation to pay a claim by U.S. Bank for a policy's $10 million death benefit, telling a Delaware federal court that the policy was obtained through an illegal wager on the insured's life and never should have existed.