Reserve Life Insurance Co. v. Goodloe

McDONALD, Chief Justice.

This is a suit to collect an endowment plan policy of insurance. Parties will be referred to as in the Trial Court. The policy of insurance involved is on the life of the plaintiff, R. L. Goodloe, Jr. In December 1948, when plaintiff was 12 years old, his father, R. L. Goodloe, Sr., applied to defendant Insurance Company for a “20 yr. end." insurance policy in the amount of $3,000 on plaintiff’s life. (The father and mother were made beneficiaries of the policy but they are now deceased and plaintiff is the sole owner of the policy.)

Pertinent provisions of the policy…