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Home / Verdicts & Settlements / Man took business partner’s life insurance proceeds – $1,161,482 Verdict (access required)

Man took business partner’s life insurance proceeds – $1,161,482 Verdict (access required)

Two business owners had purchased life insurance through their corporation to provide funds for stock redemption in the event of death of a partner, as well as life insurance for estate. Originally, each partner was the owner and beneficiary of the policy insuring the life of the other partner. Shortly after policies were acquired, the ...