Travelers Ins. v. Gray

This case comes before the court on the complaint for a declaratory judgment by the Travelers Insurance Company, praying that it be relieved from paying the proceeds of a disputed insurance policy to the defendant Ann Gray and her assignees Glenn-Hall and Jordan Funeral Service and National Homes Acceptance Corporation.

Stipulated facts indicate as follows: that on December 23, 1969, defendant Ann Gray purchased from Travelers Insurance Company a 30-year diminishing term insurance policy on the life of her husband; that on February 13, 1972, Robert D. Gray, the insured, was found dead of…