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A.D. DESMOND CO. v. JACKSON NAT. LIFE INS. CO.

No. 2-91-0447.

585 N.E.2d 1120 (1992)

223 Ill. App.3d 616

166 Ill.Dec. 98

A.D. DESMOND COMPANY, f/k/a Desmond Construction Company, Inc. et al., Plaintiffs-Appellants, v. JACKSON NATIONAL LIFE INSURANCE COMPANY, Defendant-Appellee.

Appellate Court of Illinois, Second District.

January 16, 1992.

Attorney(s) appearing for the Case

Bruce A. Brown (argued), Daniel G. Coman, Bruce L. Goldsmith, Goldsmith, Thelin, Schiller, Dickson & Brown, Aurora, for A.D. Desmond Co., et al.

Zoran Dragutinovich, Jerome H. Torshen, Ltd., Mark K. Schoenfield (argued), James K. Genden, Torshen, Schoenfield & Spreyer, Ltd., Chicago, Jackson Nat. Life Ins. Co.

Justice BOWMAN delivered the opinion of the court:

Plaintiffs, A.D. Desmond Company (Desmond Company) and its shareholders, brought this action to recover life insurance proceeds allegedly owed to them by defendant, Jackson National Life Insurance Company (Jackson), upon the death of Albert D. Desmond (Insured). The individual shareholder-plaintiffs are Josephine Desmond, widow of Albert Desmond; Nancy Delaney and Lana Conklin, Albert Desmond's daughters, in their...

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