Rabadi v. Nasrawi CA4/3
On October 22, 2020, Reem filed a declaratory relief action, seeking a judicial declaration that: (1) she had purchased three life insurance policies issued to her sister Rehab pursuant to a November 22, 2018 Purchase and Sale Agreement (PSA), and (2) her nephew and designee, Kameel Reehani, was the sole owner of record of the policies in accordance with change of ownership forms submitted to the life insurance companies. In her complaint, Reem alleged that in 2015, Rehab and her son Shadi asked her to purchase life insurance policies insuring Rehab. In exchange for paying all policy premiums, Reem would receive 80 percent of the death benefits, of the premiums she paid. Shadi was designated the beneficiary of the remaining 20 percent interest. Rehab subsequently obtained three life insurance policies, and Reem made various payments to her, which were used to pay the premiums.
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