Gulfco Finance Co. of Marksville, Inc. v. Estate of Guillory

TATE, Judge.

The primary issue of this appeal is whether a life insurer is relieved of liability to a creditor beneficiary when the insured commits suicide.

The plaintiff finance company brings suit against the Estate of Rufus Guillory upon a note in the amount of $2,077.20 which he, Rufus Guillory, had executed in its favor while he was yet alive. By third-party demand the defendant estate im-pleaded the Gulfco Life Insurance Company, which had issued a paid-up single premium term life insurance policy in the amount of the loan at the time the note was executed. The plaintiff finance company…