Gulf Life Insurance Co. v. Wilson

Eberhardt, Judge.

John C. Wilson, who had worked for a number of years as an agent for Gulf Life, held policies of life insurance with the company. He became seriously ill with terminal cancer and was hospitalized. On April 25, 1967, while still in the hospital he summoned Mr. NeSmith, another agent of Gulf, to the hospital and while NeSmith was there Wilson executed a request to the company to surrender one his policies for its cash surrender value, delivered the request to NeSmith and it was duly processed at Gulf’s home office, following which a check for the cash surrender value was mailed…