Massachusetts Mutual Life Insurance Company, Plaintiff-Appellant v. Anna Marie Manzo A/K/A Nina Manzo and the…

Summary

The Supreme Court of New Jersey reversed the Appellate Division and reinstated the Chancery Division’s judgment rescinding a life insurance policy, holding that within the contestability period an insurer may rescind for equitable fraud when the insured’s false statements materially affected the insurer’s risk assessment and premium, that intent to defraud is not required, and that no causal link to death is needed.