Underwood v. First Franklin Fin. Corp.

Debra Underwood appeals from a summary judgment entered in favor of First Franklin Financial Corporation ("First Franklin"), Voyager Life Insurance Company ("Voyager"), and Joe Seals, an employee of First Franklin. This case was transferred to this court by the supreme court, pursuant to § 12-2-7(6), Ala. Code 1975.

In December 1992 and in April 1993, Debra Underwood and her husband, Jesse Underwood, borrowed money from First Franklin. In connection with these loans, the Underwoods also purchased two policies of credit life insurance from First Franklin and Voyager. In the event of a death,…