Gibb H. Amason v. The Franklin Life Insurance Company, Beulah L. T. Forbes

GOLDBERG, Circuit Judge:

Once upon a time there was genuine doubt concerning the proper characterization of the community interest of a Texas spouse in life insurance policies purchased with community funds. Today this is an old wives’ tale. Consequently, we have little difficulty in resolving this controversy over the proceeds of a life insurance policy.

The history of this litigation began in 1964 when Byron H. Forbes and his wife Beulah Forbes, both Texas domiciliaries, purchased a life insurance policy on Mr. Forbes’ life. Mrs. Forbes was designated as the primary beneficiary, but under the…