Klepper v. Standard Life Insurance of Indiana

Opinion

BROWN (G. A.), P. J.

This is an action by the co-executors of the estate of W. A. Klepper, deceased, to recover the proceeds of a credit life insurance policy issued by Standard Life Insurance Company of Indiana on the life of the decedent. On the basis of the express provisions of the policy and pursuant to statutory directive, we have concluded that the trial court was correct in denying recovery.

The facts are stipulated and in substance show that on January 3, 1973, the decedent, W. A. Klepper, made an application to the National Bank of Agriculture for a revolving line of credit of…