In May 1991, plaintiff issued Leo Lowy a life insurance policy in the face amount of $500,000 (Single Life Policy). Defendant Salamon Lowy was named the owner and beneficiary of the Single Life Policy. In October 1991, plaintiff issued Leo and his wife, defendant Sara Lowy, a life insurance policy in the amount of $1,250,000 (Survivorship Policy). Salamon and his siblings were named the owners and beneficiaries of the Survivorship
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NEW YORK LIFE INSURANCE COMPANY v. LOWY
40 A.D.3d 295 (2007)
836 N.Y.S.2d 78
NEW YORK LIFE INSURANCE COMPANY, Appellant, v. SARA LOWY, as Trustee of the Leo Lowy Irrevocable Life Insurance Trust-Single Life, et al., Defendants, and LAZER WOLF, Also Known as LEWIS WOLF, as Trustee of the Leo Lowy Irrevocable Life Insurance Trust-Single Life and Another, et al., Respondents.
Appellate Division of the Supreme Court of the State of New York, First Department.https://leagle.com/images/logo.png
Decided May 8, 2007.
Decided May 8, 2007.
Appellate Division of the Supreme Court of the State of New York, First Department.
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