Fidelity & Deposit Co. v. Moore

This is a controversy over the proceeds of two life insurance policies, issued by the Atlantic Life Insurance Company, on the life of J. L. Q. Moore. One policy of $1,000 was issued August 17, 1918 and the other policy of $2,000 was issued April 19, 1924. Both policies contained provisions whereby they matured as endowments, payable to the insured, if living, one at the expiration of twenty years from its date and the other upon the insured attaining the age of sixty-five years. The first policy had as its maturity date August 17, 1938, and the other April 19, 1939. In the event of the prior…