Kansas City Life Insurance v. Rainey

In 1925 Jessie A. Rainey became Herbert F. Hall’s secretary and continued as such until his death. In 1931 Hall, aged 72, purchased an “Investment Annuity Policy” from the Kansas City Life Insurance Company for $50,000, the income payable to him, the principal payable to his wife at his death. After his wife died he named Miss Rainey beneficiary in the policy. Hall died in 1941. Sanford was in Hall’s employment from 1920 until Hall’s death. He, too, after Mrs. Hall’s death was named as beneficiary in a similar policy for $50,000.

After Hall’s death Miss Rainey and Sanford claimed the proceeds…