Elledge v. Aetna Life Ins. Co.

Carleton Harris-, Chief Justice.

Aetna Life Insurance Company, on August 1,1929, issued Policy P648527, in the amount of $5,000.00, and on October 21, 1934, issued Policy P722610, in the amount of $6,000.00, upon -the life of William Gustavus Elledge, Helen N. Elledge, wife, being named as beneficiary. Some time in 1956 Mr. Elledge became disabled; under terms of the policy, premiums were waived, and these policies were in full force and effect on July 12, 1964, when Mr. Elledge died.

Pertinent facts in this litigation are as follows:

On May 30,1959, Mr. and Mrs. Elledge entered into a property…