Hayes Truck Lines v. Investors Insurance Corp.

Plaintiff, assignee of the estate of Sidney M. Hayes, brought this action to recover the proceeds of a policy of group credit life insurance issued by defendant on the life of plaintiff’s deceased president, Sidney M. Hayes. The trial court sitting without a jury awarded judgment to plaintiff in the sum of $8,016.64, together with attorney’s fees. Defendant appeals.

Credit life insurance is a relatively new form of group insurance in which there are three principal parties: the insurer; the creditor and policyholder-beneficiary; and the insured, debtor. In a typical credit life insurance…