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FRIEDMAN v. NEW YORK LIFE INSURANCE AND ANNUITY CORPORATION

2014-07403, Index No. 501268/11.

143 A.D.3d 939 (2016)

2016 NY Slip Op 06999

40 N.Y.S.3d 451

JUDY FRIEDMAN et al., Appellants, v. NEW YORK LIFE INSURANCE AND ANNUITY CORPORATION, Respondent.

Appellate Division of the Supreme Court of New York, Second Department.

Decided October 26, 2016.

Ordered that the order is affirmed, with costs.

The plaintiffs were trustees of several life insurance trusts that held life insurance policies. The plaintiffs commenced this action, in effect, to recover damages for breach of an alleged agreement to extend Access Plus loans on the life insurance policies to the plaintiffs, and for a judgment declaring, inter alia, that they were entitled to Access Plus loans on the policies. The defendant moved pursuant to CPLR 3211...

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