GUTOWICZ, J., October 14, 1988.
As a result of his participation in his employer's retirement plan, Theodore E. Eckfeldt acquired a 100 percent vested interest in a single premium deferred annunity contract. Under the plan, Mr. Eckfeldt had the right to elect to receive the entire amount in his separate investment account, in cash, and the right to designate and change beneficiaries who would receive the accumulated value of his account in the event of his...
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