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that the APL election be made on their policies. After the lapse
of the policies, much correspondence on the subject ensued
between Drs. DeAngelis and Domingo and their lawyer, on the one
hand, and MetLife, Mr. Rapp, and/or Teplitzky & Co., among
others, on the other hand, and Drs. DeAngelis and Domingo
threatened to file a lawsuit as to the matter. Drs. DeAngelis
and Domingo sought from MetLife the reinstatement of their and
Ms. Quinn’s single individual policies as reduced paid-up
insurance retroactively to the original lapse date.
X. Reinstatement of Policies
A. Overview
On January 24, 2002, Marcia McDermott (Ms. McDermott), an
internal consultant for MetLife, asked MetLife to reinstate the
lapsed policies of Dr. DeAngelis and Ms. Quinn as paid-up
insurance retroactively to the original lapse date, as if the
policies had never lapsed. Previously, Ms. McDermott had made a
similar request as to the Dr. Domingo policy. Because Dr.
Durante did not ask Ms. McDermott to seek a similar reinstatement
of the Dr. Durante policy, Ms. McDermott did not ask MetLife to
reinstate the Dr. Durante policy.
B. Dr. Domingo Policy
STEP transferred ownership of the Dr. Domingo policy to Dr.
Domingo in or about November 2001. Although the policy
technically had no value, Dr. Domingo wanted the policy because
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Last modified: March 27, 2008