Sycks v. Transamerica Life Insurance Company

CourtDistrict Court, D. Alaska
DecidedDecember 13, 2024
Docket3:22-cv-00010
StatusUnknown

This text of Sycks v. Transamerica Life Insurance Company (Sycks v. Transamerica Life Insurance Company) is published on Counsel Stack Legal Research, covering District Court, D. Alaska primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Sycks v. Transamerica Life Insurance Company, (D. Alaska 2024).

Opinion

IN THE UNITED STATES DISTRICT COURT FOR THE DISTRICT OF ALASKA

CARY D. SYCKS, as Personal

Representative of the ESTATE OF

LILA L. SYCKS, and AARON P. SYCKS, as Personal Representative of the ESTATE OF VERNON D. Case No. 3:22-cv-00010-SLG SYCKS,

Plaintiffs, v.

TRANSAMERICA LIFE INSURANCE COMPANY, and BANKERS UNITED LIFE ASSURANCE COMPANY,

Defendants.

ORDER ON MOTION FOR SUMMARY JUDGMENT Pending at Docket 90 is Defendant Transamerica Life Insurance Company’s (“Transamerica”) Motion for Summary Judgment.1 Plaintiffs Cary D. Sycks, as Personal Representative of the Estate of Lila L. Sycks, and Aaron P. Sycks, as Personal Representative of the Estate of Vernon D. Sycks, (collectively “Plaintiffs’”) responded in opposition at Docket 95 and Transamerica replied at Docket 102. Oral argument was held on June 4, 2024.2 And, pursuant to the Court’s request,

1 Plaintiffs also named Bankers United Life Assurance Company. Although Bankers United issued the policy at issue in this litigation, Transamerica assumed the policy obligations after Bankers United became part of Transamerica through several mergers. Bankers United has not appeared in the case. 2 Docket 104. Transamerica and Plaintiffs each filed supplemental briefing at Dockets 125 and 127, respectively.

BACKGROUND This dispute relates to the alleged lapse of a Last Survivor Flexible Premium Interest Indexed Universal Life Insurance Policy Number B119812 (“the Policy”). In June 1993, Lila and Vernon Sycks purchased the Policy, which provided a death benefit of $231,160.42, from Bankers United Life Assurance Company.3 At the time the Policy was issued, the Syckses paid a premium of $50,000.4 As a result

of several mergers, Transamerica assumed the Policy’s obligations from Bankers United.5 Plaintiffs’ claim is based on one line on the “Policy Specifications” page at the beginning of the Policy, which states “Maximum Total Premium: $50,000.00.”6 The Policy Specifications page also references a “Maximum Annual Premium: $5,184.93.”7

Other provisions in the Policy state that the insureds are to be paid a death benefit in effect on the date the last insured dies plus any additional insurance on the last insured’s life provided by riders for which additional premiums are paid,

3 Docket 9-1 at 9, 30; see also Docket 73 (granting summary judgment that “[f]or the purposes of this litigation, the content and terms of [the Policy] include the document . . . filed with this Court at Docket 9-1, pages 7–38”). 4 See Docket 9-1 at 2, 9, 13. 5 Docket 47 at 1 n.1. 6 See Docket 9-1 at 9. 7 Docket 9-1 at 9. less any loan balance or monthly deductions due.8 The Policy provides that “[p]remiums may be paid in any amounts, and at any time, [the insureds] elect,” subject to certain limitations.9 The Policy further specifies that “[a] premium will be

required if, on the last day of a policy month, the Policy Value is less than the Monthly Deduction scheduled to be made” and that, following a grace period, non- payment will result in the Policy’s lapse.10 The Monthly Deduction equals “the sum of the base policy cost of insurance, rider premiums and the monthly expense charge for the Policy Month then ending.”11

Shortly after issuing the Policy in June 1993, Bankers United advised the Syckses that they would need to sign an illustration of their policy and complete an amendment.12 On July 26, 1993, the Syckses faxed a signed Completed Amendment and the signed Flexible Premium Universal Life Insurance Policy Illustration (the “Illustration”) to Bankers United.13 On the second page of the

Illustration, there is a warning that “[u]nder guaranteed assumptions[,] the policy

8 Docket 9-1 at 12–13. 9 Docket 9-1 at 13. 10 Docket 9-1 at 14. 11 Docket 9-1 at 15. 12 Docket 60-2 at 2 ( “This file will be closed on 7/30/93 if the above requirements [the Completed Amendment and signed Illustration] are not received by that date.”). 13 Docket 60-4; see also Docket 60-3 (showing an initial fax of these documents was transmitted on July 21, 1993, but the documents were illegible); Docket 59-1 at 8 (Ms. Sycks testifying that she recognized both signatures on the Illustration and has “no reason to doubt” that she signed it). will lapse in year 24.”14 And a chart of the first page of the Illustration shows that the Guaranteed Death Benefit is $231,160 for the first 23 years of the Policy, then drops to zero for each year thereafter.15 Although Ms. Sycks authenticated the

signatures on the Illustration as hers and her husband’s, Plaintiffs assert this Illustration is not part of their insurance contract with Transamerica.16 Transamerica responds that whether the Illustration is part of the Policy is immaterial for purposes of the resolution of this motion.17

In a previous order, this Court concluded that a dispute of material fact existed as to whether the Policy includes the Illustration.18 However, the Court then noted that Transamerica had provided evidence that the Illustration and the signatures it contains are authentic and that Plaintiffs had not produced credible evidence to the contrary.19 On June 3, 2021, Transamerica notified the Syckses by letter that the Policy

“was in danger of lapsing” and that, to prevent a lapse and, thereafter, termination

14 Docket 60-4 at 5. 15 Docket 60-4 at 4. 16 Docket 95 at 6. 17 Docket 102 at 4. 18 Docket 73 at 8. Transamerica asserts that Bankers United also provided the Syckses with a Statement of Policy Cost and Benefit Information (“Statement”) in 1993. Docket 90 at 10. Plaintiffs maintain that this Statement was not provided to Plaintiffs in 1993. Docket 95 at 5–6. The record does not clearly demonstrate that the Syckses received and reviewed the Statement in 1993, so the Court will not rely on it at all for purposes of this motion. 19 Docket 73 at 8–9. of the Policy, the Syckses would need to pay an additional premium of $21,683.12 by August 2, 2021.20 Surprised, the Syckses reached out to their insurance broker,

Nic White, who, both independently and with Ms. Sycks, contacted Transamerica for further information about the potential lapse of the Policy and the Policy’s long term care rider.21 The Syckses sought to confirm that the Policy included that rider before committing to any payment of additional premium because Vernon Sycks was suffering from dementia at the time that they received Transamerica’s June 2021 letter.22 In response to Mr. White’s inquiries, Transamerica stated that this

rider no longer provided coverage and did not any provide further information.23 Mr. White then contacted a colleague, Paul Larrabee, and asked that he inquire with Transamerica on the Syckses’ behalf.24 When Mr. Larrabee reached out to Transamerica for a copy of the original sales illustration, a Transamerica representative responded that the Policy was “an Old Bankers United Policy” and

that Transamerica did not have a record of the original sales illustration.25

20 Docket 1-1 at 87. Transamerica later extended the deadline to October 2, 2021. See Docket 96-5 at 13. 21 Docket 96-4 at 3–7. This rider is referred to variously throughout the record as the “long-term care and accelerated death benefit rider,” Docket 96-4 at 6, the “Accelerated Death and Health Care Facility Benefit rider,” e.g., Docket 9-1 at 32, and the “Terminal Illness Accelerated Death Benefit rider,” e.g., Docket 96-5 at 18. 22 Docket 95-1 at ¶ 3. 23 Docket 96-4 at 5–9; but see Docket 9-1 at 32–38 (including as part of the Policy the Accelerated Death and Health Care Facility Benefit rider). 24 Docket 96-4 at 8–9. 25 Docket 96-4 at 14. The Syckses retained counsel, who asked Transamerica to justify its demand for the additional premium payment.26 On August 20, 2021, Transamerica

Free access — add to your briefcase to read the full text and ask questions with AI

Related

First Nat. Bank of Ariz. v. Cities Service Co.
391 U.S. 253 (Supreme Court, 1968)
Adickes v. S. H. Kress & Co.
398 U.S. 144 (Supreme Court, 1970)
Anderson v. Liberty Lobby, Inc.
477 U.S. 242 (Supreme Court, 1986)
Nautilus Marine Enterprises, Inc. v. Exxon Mobil Corporation
305 P.3d 309 (Alaska Supreme Court, 2013)
United Services Automobile Association v. Neary
307 P.3d 907 (Alaska Supreme Court, 2013)
Hillman v. Nationwide Mutual Fire Insurance Co.
855 P.2d 1321 (Alaska Supreme Court, 1993)
Peterson v. Wirum
625 P.2d 866 (Alaska Supreme Court, 1981)
Navajo Nation v. United States Forest Service
535 F.3d 1058 (Ninth Circuit, 2008)
Gasperini v. Center for Humanities, Inc.
518 U.S. 415 (Supreme Court, 1996)
Dugan v. Atlanta Casualty Companies
113 P.3d 652 (Alaska Supreme Court, 2005)
Allstate Insurance Co. v. Falgoust
160 P.3d 134 (Alaska Supreme Court, 2007)
Lightle v. State, Real Estate Commission
146 P.3d 980 (Alaska Supreme Court, 2006)
Reeves v. Alyeska Pipeline Service Co.
56 P.3d 660 (Alaska Supreme Court, 2002)
Allstate Insurance Co. v. Teel
100 P.3d 2 (Alaska Supreme Court, 2004)
Lockwood v. Geico General Insurance Company
323 P.3d 691 (Alaska Supreme Court, 2014)

Cite This Page — Counsel Stack

Bluebook (online)
Sycks v. Transamerica Life Insurance Company, Counsel Stack Legal Research, https://law.counselstack.com/opinion/sycks-v-transamerica-life-insurance-company-akd-2024.