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DEL VECCHIO v. CONSECO, INC.

No. 99-4177.

230 F.3d 974 (2000)

Elio DEL VECCHIO, Plaintiff-Appellant, v. CONSECO, INC., Bankers National Life Insurance Company, and Great American Reserve Insurance Company, Defendants-Appellees.

United States Court of Appeals, Seventh Circuit.

Decided October 23, 2000.

Attorney(s) appearing for the Case

John P. Zavez (argued), Glen DeValerio, Berman, DeValerio & Pease, Boston, MA, for plaintiff-appellant.

Keith R. Verges (argued), Figari & Davenport, Dallas, TX, Joseph H. Yeager, Jr., Baker & Daniels, Indianapolis, IN, for defendants-appellees.

Before BAUER, POSNER, and DIANE P. WOOD, Circuit Judges.

DIANE P. WOOD, Circuit Judge.

At one time, Elio Del Vecchio held a $5,000 whole life insurance policy issued by Bankers National Life Insurance Company (Bankers Life). Many years later, he turned it in and replaced it with a $10,000 universal life policy. He thought, in essence, that he could transform the $5,000 policy into the $10,000 policy for free. When that turned out not to be true, he sued Conseco, Bankers Life, and Great American Reserve Insurance Company...

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