Bennet v. Virginia Life, Accident & Sickness Insurance Guaranty Ass'n

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• holding that payout provisions in a GIC which allowed the trustee to determine whether an annuity would be purchased from the insurer did not •guarantee annuity benefits because “[a]n undertaking to purchase an annuity in the future is not a present guarantee of annuity benefits.”
• GIC’s were issued to plan trustee, not plan participants, and were owned by trustee
• referring throughout to guaranteed interest contract as a “GIC.”
• referring throughout to guaranteed interest contract as a \GIC.\

Source: CourtListener parenthetical corpus (CC0).