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5. FUH's Payments to Travelers for the Life Insurance
Policies
The FUH pension committee paid the following amounts to
Travelers for the whole life insurance policies:
Date Payments
8/20/82 $100,000
9/15/82 440,000
2/2/83 11,161
The FUH plan paid Travelers the following amounts for
renewal premiums:
Date Premiums
9/6/83 $549,699
7/23/84 556,843
9/6/85 554,390
8/26/86 554,390
8/28/87 530,650
8/31/88 526,325
6. Commissions Paid by Travelers to the Garrahan Agency
During the years at issue, the Garrahan Agency received the
following amounts as commissions from Travelers for the purchase
by the FUH plan of life insurance contracts:
Year Commissions
1982 $293,852
1983 41,682
1984 283,849
1985 23,740
1986 22,640
1987 21,337
1988 20,388
Total 707,488
Player received about $70,000-$72,000 in 1982-83 from
petitioner and the Garrahan Agency for his role in promoting the
program to FUH.
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Last modified: May 25, 2011