Gulf Guaranty Life Insurance v. Thompson

ROBERTSON, Presiding Justice,

for the Court:

Gulf Guaranty Life Insurance Company appeals from a judgment entered against it by the Circuit Court of the First Judicial District of Hinds County (sitting without a jury) in favor of Lula Thompson, the widow of W. J. Thompson, on a certificate of credit life insurance for $20,000.

W. J. Thompson and his wife, Lula G. Thompson, renewed their $40,000 note to the First Mississippi National Bank on October 24, 1975. The note became due 52 days after its date, that is, December 15, 1975. On October 24, 1975, a certificate of credit life insurance for…