Summary Judgment 020-life insurance-supplemental retirement benefit-deferred compensation plan

Dispute over proceeds of key man life insurance policy alleged to be Supplemental Executive Retirement Plan, or SERP.

Insurable interest.

Defendant breached no duty to deceased or plaintiff; pursuant to 36 O.S. § 3604(D), defendant had no duty to offer to sell, transfer, or assign the policy.

Alternatively, deceased consented to defendant’s continuing to own the policy.

Breach of contract claim.

Bad faith breach of employment contract.

Alternative claim for breach of contract.

Unjust enrichment and constructive trust.