Archive for January 2022
Doug Andrew – Walker vs. LSW
Patrick Kelly – Walker v LSW (p164) – Book – Missed Fortune – book written by Douglas R. Andrew titled Missed Fortune 101 – A Starter Kit to Becoming a Millionaire. Plaintiff Witness: Kim Howlett Q Now, when you met with Mr. Cooper, did he recommend that you read any books to familiarize yourself with…
Read MoreHow the Policy Works – Walker vs. LSW
How the Policy Works – Walker v LSW (p157) – Bucket – <Trowbridge> / How the Policy Works – <WishList – Exhibit 632> Q Mr. Cooper when he was providing this generic discussion of these insurance options, he actually talked to you about insurance mortality and expense charges; correct? A I don’t recall him talking…
Read MoreOne Policy Fee – Walker vs. LSW
One Policy Fee – Walker v LSW A I mean, it’s five bucks a month, you know. No, I don’t recall it. Q So since it’s only five bucks a month, why would the company be touting one policy fee? (p76-78) 2013 1211 – DOC 735-`2 : Deposition of Michael Tivilini- Walker v LSW –…
Read MoreStarr International Company v. United States – 11-0779
Starr International Company vs United States – 11-0779 Starr International Company, Inc. v. The United States – Case 1:11-cv-00779-TCW 1:2011cv00779 U.S. Court of Federal Claims 11/21/2011 06/17/2015 2015 0215 – NYT – Newly Released Documents Reveals Advice to Fed in A.I.G. Bailout, By Aaron M. Kessler – [link-Paywall Free] In an unusual ruling at the end…
Read MoreSarah Dahlgren
Sarah Dahlgren She explained that most of the money drawn from the facility went to securities lending counterparties. Dixie asked how much money was drawn from the facility between September 16 and November 10 when the Maiden Lane transactions were announced. Ms. Dahlgren said “north of $60 billion, but I’d have to verify that. (p2)…
Read MoreMDL-1061 – LC – Prudential Insurance Company of America Sales Practices Litigation
MDL-1061 – LC – Prudential Insurance Co. of America Sales Practices Litigation MDL-1061 – LC – Prudential Insurance Co. of America Sales Practices Litigation — [BonkNote] Multi-State Life Insurance Task Force and Multi-State Market Conduct Examination of The Prudential Insurance Company of America – p In re: THE PRUDENTIAL INSURANCE COMPANY OF AMERICA SALES PRACTICES…
Read MoreWalker vs. LSW – Prudential / MetLife
Walker v LSW – Prudential / MetLife Prudential – Vanishing Premium MetLife – Retirement / Savings Plan Walker v LSW Patrick Kelly MetLife In its June 7, 1994 Consent Order #94-102, the NJDBI cited N.J.S.A. 17B:30-3 and N.J.A.C. 11:2-23.4 and subsequently fined MetLife $965,555 for MetLife’s practice of misrepresenting life insurance to be retirement or savings…
Read MoreSupreme Court
Supreme Court 1994 – NationsBank v VALIC – [link] QUESTION PRESENTED – Whether federal law permits national banks, whereever located, to act as agents in the sale of annuities. supremecourt.gov/opinions/boundvolumes/525bv.pdf (p1129) – No. 98–2. Metropolitan Life Insurance Co. v. Sabo.- C. A. 3d Cir. Motion of American Council of Life Insurance for leave to file…
Read MoreModco – Modified Coinsurance
Modco – Modified Coinsurance What happened under TEFRA? Several things: We lost MODCO 820 forever. We had a deceptively modest reduction in 818(c)2. A lot of the teeth were taken out of reinsurance as a tax planning tool. Universal Life was given legitimacy through 101(f). In terms of Anderson’s Taxation Horseman, it is now clearly…
Read MoreConseco
Conseco Stephen Hilbert Tomisue Hilbert Green Tree Mobile Homes Legal Cases Johnston & Johnston v Conseco Jake Garn – Senator, Astronaut IN RE CONSECO LIFE INSURANCE COMPANY LIFETREND INSURANCE SALES AND MARKETING LITIGATION – LC – Burnett v Conseco – First Amended Complaint – 99p 15-15854 William Burnett v. Conseco Life Insurance Company – [VIDEO-YouTube]…
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