Isaac A. Binkovitz

Isaac represents the estates of deceased insureds seeking to recover the proceeds of life insurance policies from STOLI investors.  

Prior to joining Marcus & Marcus, Isaac worked for the law firms Allen & Overy (in New York) and Cozen O'Connor (in Philadelphia) handling complex insurance disputes, white collar matters and financial fraud investigations. Before entering private practice, Isaac clerked for Chief Justice Miriam Naor of the Supreme Court of Israel.

Selected Experiences:

Obtained summary judgment for the family of a senior put through Life Accumulation Trust's STOLI program, awarding the family over $5 million. Estate of Martha Barotz v. Martha Barotz 2006-1 Insurance Trust, N20C-04-126 EMD CCLD (Del. Super. Ct. Dec. 18, 2023).

Obtained summary judgment for the family of a senior put through Coventry's STOLI program, awarding the family over $10 million. Estate of Marvin Diamond v. Viva Capital 3, L.P., 50-2021-CA-004791-XXXX-MB (Fla. Cir. Ct. Sept. 15, 2023).

Obtained summary judgment for the family of a senior put through Coventry's STOLI program, awarding the family over $11 million. Estate of Martha Barotz v. Vida Longevity Fund, L.P., C.A. No. N20C-05-144 EMD CCLD, 2022 WL 16833545 (Del. Super. Ct. Nov. 9, 2022).

Obtained summary judgment for plaintiff life insurance carrier, with the court finding that the carrier was not obligated to pay the death benefit on a $9 million policy funded through the LPC STOLI program because it lacked insurable interest and was void ab initio under Delaware law as an illegal human-life wager. The investor policyholder also brought breach of contract, unfair trade practices, and bad-faith counterclaims against the carrier, which the court dismissed on summary judgment. Sun Life Assurance Company of Canada v. Wilmington Trust Co., N.A., N17C-08-331 (Del. Super. Ct. Jan. 12, 2022).

Obtained summary judgment for plaintiff life insurance carrier, with the court finding that the carrier was not obligated to pay the death benefit on a $10 million policy funded through the LPC STOLI program because it lacked insurable interest and was void ab initio under Delaware law as an illegal human-life wager. The investor policyholder also brought breach of contract, unfair trade practices, and bad-faith counterclaims against the carrier, which the court dismissed on summary judgment. Sun Life Assurance Company of Canada v. Wilmington Trust Co., N.A., et al., N18C-07-289 (Del. Super. Ct. Jan. 12, 2022).

Obtained summary judgment for plaintiff life insurance carrier, with the court finding that the carrier was not obligated to pay the death benefit on a $5 million policy originated through the Coventry STOLI program because it lacked insurable interest and was void ab initio under Illinois law as an illegal human-life wager. The investor policyholder also brought breach of contract and bad-faith counterclaims against the carrier, which the court dismissed on summary judgment. Sun Life Assurance Company of Canada v. Wells Fargo Bank, N.A., et al., 17-cv-0658, 2020 WL 150364, 2020 U.S. Dist. LEXIS 55350 (N.D. Ill. March 30, 2020).