Farmer v. Bankers Health & Life Insurance

A mother was named as beneficiary in a life-insurance policy issued to her son. The policy contained a double-indemnity clause based on death by accident. The son was shot and killed by another person. The company paid to the beneficiary the natural-death benefit (or an amount equal to the face of the policy), taking her signature at the same time, and in the same transaction, to two documents. One of these read as follows (omitting irrelevant matter): “Beceived of the Bankers Health and Life Insurance Company . . two hundred twelve . . dollars, in full and final settlement, release, and…