Madsen v. Estate of Moffitt

TUCKETT, Justice:

The plaintiffs initiated these proceedings for the purpose of adjudicating ownership of the proceeds of a life insurance policy on the life of Eugene Tifton Moffitt, Jr., and issued by the defendant Equitable Life Assurance Society of the United States. The district court entered judgment in favor of the plaintiffs, and the defendants, excepting the insurance company, have appealed to this court.

The decedent, Eugene Tifton Moffitt, Jr., was an employee of Mountain States Telephone & Telegraph Company, and as an incident of his employment, he was insured by a group policy…