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Insurer Can't Void $6.7M Life Policy For Fraud, 2nd Circ. Says

Law360 (June 8, 2018, 8:10 PM EDT) -- The Second Circuit on Friday ruled that Lincoln Benefit Life Co. cannot void a nearly $6.7 million life insurance policy that was obtained through fraud, holding that New York law bars Lincoln’s arguments because it waited too long to challenge the policy’s validity.

Lincoln alleged that the policy, which insures the life of a woman named Gabriela Fischer, was an illegitimate “stranger-originated” policy that was procured through fraudulent means for the financial benefit of third-party investors. According to Lincoln, the individuals who took out the policy...
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Case Information

Case Title

AEI Life LLC v. Lincoln Benefit Life Company


Case Number

17-224

Court

Appellate - 2nd Circuit

Nature of Suit

4110 CONTRACT-Insurance

Date Filed

January 20, 2017

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