Thursday, February 26, 2009

Life Insurance Voided by Misrepresentations

A Connecticut federal judge ruled recently that slain Greenwich real estate developer Andrew Kissel knowingly signed false documents in his application for a life insurance policy, withholding the fact that he was a chronic drug user and had sought psychiatric care. "The ruling entitles Northwestern Mutual Life Insurance Co. to rescind the $15 million policy", which was sought by his widow. Read more. Moral of the story: don't lie on insurance applications.

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