Life Insurer Seeks Rescission Of $1M Life Policy Over Health Misrepresentation

(August 28, 2024, 9:09 AM EDT) -- CAMDEN, N.J. — A life insurance and annuity company sued the beneficiary of a $1 million life insurance policy in a New Jersey federal court, seeking to rescind the policy for purported misrepresentations in the policy application regarding the insured’s health history, asserting that had the insurer known about the insured’s health history, it would not have issued the policy....

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