Amusement Park Entitled to $10 Million “Key Person” Benefits Eight Months After Purchasing Policy

Eight months after Apex Parks Groups purchased “key person” insurance for their CEO Alexander Weber, Jr., Weber died unexpectedly. Although Protective Life Insurance received Weber’s medical history prior to issuing the policy, Protective denied coverage. A jury trial in Alabama state court ruled for Apex awarding them the $10 million in benefits from the policy.