Voyager Life Insurance Co. v. Avery

ERVIN, Judge.

Appellant-credit life insurer appeals a final judgment finding it liable to appellee, the wife of the insured, for the face amount of its policy in the amount of $10,000. Among other things it argues that because the terms of the note and the policy were clear and unambiguous, its coverage had expired before the insured died. We agree and reverse.

The note, secured by the credit life insurance, was dated March 7, 1976, with a due date of September 7, 1976.1 The provision in the note authorizing credit life insurance stated: “If the undersigned elects credit life insurance…