Insurance Co’s Substantial Compliance With Termination Notice Defeats $20M Suit

Life Plans v. Security Life of Denver Insurance Company, 2013 WL 4052678 (N.D.Ill.2013), presents high-dollar contract dispute involving two insurance companies. The plaintiff insurance agent entered into a written agreement with the defendant, a multi-national insurance company.  The plaintiff agreed to market defendant’s life insurance products on a nation-wide basis.  The contract term was “indefinite” and terminable …