- 3 -
Schwab Agency were located, he was not directly involved with
that agency.
Charles Sutter purchased life insurance through Marvin
Schwab before the years in issue. Although the extent of the
coverage is not exactly clear from the record, it appears that
before 1991, he generally maintained between $25,000 and $50,000
of life insurance. In 1991, Marvin Schwab approached Charles
Sutter and suggested that he purchase a certain type of life
insurance policy offered by the Royal Maccabees Life Insurance
Co. (the Royal policy). At the time, Charles Sutter was employed
by Aviat, Inc., and Christen Industries, Inc. His wages totaled
$16,803.54 for that year.
The Royal policy was described as a flexible premium
adjustable life insurance policy providing death benefits in the
amount of $250,000. The first-year premium for the Royal policy
was $7,177. On direct examination petitioner testified as
follows with respect to the payment of the first-year premium due
on the Royal policy:
Q. Do you recall how he - - how you would pay for
the policy?
A. Yes.
Q. How was that?
A. He [Marvin Schwab] said he would give me the
premium, and I would write back to * * * [Royal
Maccabees Life Insurance Co.].
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