First National Bank & Trust Co. v. Stonebridge Life Insurance

SMITH, Circuit Judge.

Floyd Knighton (“Floyd”) shot and killed his wife, Debra Knighton (“Debra”), for whom he had purchased life insurance from Minnesota Life Insurance Company (“Minnesota Life”) through his employer J.B. Hunt Transport Services, Inc. (“Hunt”). The administrator of Debra’s estate, First National Bank & Trust Co., (“First National”), sought the policy proceeds but Minnesota Life refused, contending the company had no obligation to pay because Floyd had the only interest in the policy and had forfeited his right to any proceeds. The district court found that Debra had an…