Cook v. Cook

OPINION

HENRY, Justice.

Essentially this is a suit in equity seeking to impress a trust upon the proceeds of a policy of life insurance.

I

Virginia L. Taylor and James Milton Cook were married in 1956. Mrs. Cook had two children by a prior marriage; Mr. Cook had none. One child, James Perry Cook, was born of this marriage, and at the time of the institution of the suit, he was nine years of age.

In 1967 James Milton Cook applied for and was issued a fifteen year decreasing term policy of life insurance, in the initial amount of one hundred thousand ($100,000) dollars, written by Lincoln American…