1. Home
  2. Browse Decisions
  3. F.3d
  4. 794 F.3d
  5. 794 F.3d 817 (2015)
 

McCORMICK v. INDEPENDENCE LIFE AND ANNUITY CO.

No. 14-2959.

794 F.3d 817 (2015)

Joseph C. McCORMICK and Mary C. McCormick, Plaintiffs-Appellants, v. INDEPENDENCE LIFE AND ANNUITY COMPANY, Defendant-Appellee.

United States Court of Appeals, Seventh Circuit.

Decided July 24, 2015.

Attorney(s) appearing for the Case

George Burnett , Conway, Olejniczak & Jerry, S.C., Green Bay, WI, Michael R. Fox, Fox & Fox, S.C., Monona, WI, for Plaintiffs-Appellants.

Paul E. Benson , Michael Best & Friedrich LLP, Milwaukee, WI, for Defendant-Appellee.

Before POSNER, EASTERBROOK, and SYKES, Circuit Judges.

Joseph and Mary McCormick bought a single-premium variable life-insurance policy that permits them to borrow against its cash value. Loans are secured by moving an equivalent amount from sub-accounts that the policyholder can invest to a "general account" that draws 4% interest. The policyholder owes 4.7% on any borrowed...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases