Disreputable, Not a Breach of Duty

Life Ins

When the proceeds from a life insurance policy were deposited into an investment account as was customary procedure, the beneficiary claimed the practice was a breach of the insurance policy and unreasonably delayed payment.  In addition, because the insurer used the funds for investment activity and kept the proceeds without disclosing information about the investments made, the beneficiary claimed this was a breach in fiduciary duty.

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