Mealey's (August 22, 2022, 11:24 AM EDT) -- CHICAGO — The Seventh Circuit U.S. Court of Appeals on Aug. 17 held that a $5 million life insurance policy was void because it was purchased “through an elaborate sequence of transactions designed to hide from the insurer the fact that there was no proper insurable interest,” affirming the lower court’s summary judgment ruling in favor of the insurer and reversing the court’s order requiring the insurer to refund $13,000 in premiums....