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ASAD v. HARTFORD LIFE INS. CO.

No. 99 C 5612.

116 F.Supp.2d 960 (2000)

Douglas ASAD, As Trustee Of The Dean T. Pappas and Bette V. Pappas Irrevocable Life Insurance Trust, Plaintiff, v. HARTFORD LIFE INSURANCE COMPANY, d/b/a ITT Hartford, Defendant.

United States District Court, N.D. Illinois, Eastern Division.

September 11, 2000.

Attorney(s) appearing for the Case

Kevin Michael O'Brien, Attorney at Law, Chicago, IL, Douglas Alan Willis, Douglas A. Willis, P.A., Palm Beach Gardens, FL, for Dean Pappas, Plaintiff.

Joel S. Feldman, Sachnoff & Weaver, Ltd., Chicago, IL, for Hartford Life Insurance Company dba ITT Hartford, Defendant.

MEMORANDUM OPINION AND ORDER

BUCKLO, United States Magistrate Judge.

Like many conscientious Americans, Dean Pappas, a citizen of Illinois, wanted to plan for retirement. His broker Douglas Asad contacted Hartford Life Insurance Company ("Hartford"), a Connecticut firm, where insurance agent Wold suggested that Pappas purchase a "last survivor interest sensitive policy." He expected to pay $60,000 in out-of-pocket annual premiums for ten years. Thereafter...

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