Standard Life Insurance v. Taylor

KNOLL, Judge.

Standard Life Insurance Company (hereafter referred to as Standard) provoked this concursus proceeding against the original beneficiary, Betty Ann Taylor, and the substituted beneficiary, Beatrice M. Dixon, to determine which one was entitled to receive the proceeds of the life insurance policy it had issued on the life of John Taylor, Jr.

John Taylor, Jr. was employed by Bolton Ford, Inc. The corporation made available to its employees a group life insurance policy issued by Standard. Mr. Taylor purchased life insurance under this group policy in the amount of $10,000.00. He…