Prince v. Liberty Life Insurance
Court of Appeals of South Carolina
1Opinion of the CourtKonduros, J.
In this dispute over the termination of a life insurance policy, Donald M. Prince, the beneficiary and owner of the policy, appeals the trial court’s grant of summary judgment to Liberty Life Insurance Company, finding the statute of limitations barred the action. Prince argues his cause of action as beneficiary could not have accrued until the insured died and the fact that he is also the owner of the policy does not change that. We affirm.
FACTS
In 1986, Prince obtained an insurance policy in the amount of $100,000 on the life of his brother from Argus Life Insurance Company. The following…
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