AMERITAS LIFE INSURANCE CORP. v. WELLS FARGO BANK, N.A.

  1. January 02, 2024

    Court Rejects Wells Fargo's Bid To Drop 'Human Wager' Suit

    Wells Fargo must continue facing a lawsuit accusing it of attempting to collect from a $4 million life insurance policy the insurer calls an "illegal human life wager," a New Jersey federal court ruled, also agreeing with the insurer that New Jersey law applies, not New York law.

  2. April 06, 2023

    Wells Fargo Trying To Cash 'Human Wager' Policy, Insurer Says

    A Nebraska life insurance company has sued Wells Fargo in New Jersey federal court, saying the bank is trying to collect from a $4 million life insurance policy the insurer says it was duped into issuing as an "illegal human life wager" that only benefits investors with no interest in the insured's life.