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FEDERATED GUARANTY LIFE INS. CO. v. WILKINS

81-667.

435 So.2d 10 (1983)

FEDERATED GUARANTY LIFE INSURANCE COMPANY v. Margie Nell WILKINS, individually, and Margie Nell Wilkins, Administratrix of the Estate of Oren Wilkins, deceased.

Supreme Court of Alabama.

July 1, 1983.

Attorney(s) appearing for the Case

Jerry W. Jackson, Haleyville, and Robert E. Parsons and Connie D. Ray of McDaniel, Hall, Parsons, Conerly, Scott & Lusk, Birmingham, for appellant.

Jack B. McNamee of Topazi, Morton & McNamee, Birmingham, for appellee.

SHORES, Justice.

This case grew out of the following facts:

In November 1978, Oren Wilkins and his wife, Margie Nell Wilkins, purchased a 1979 Ford pick-up truck and financed it through Federated Guaranty Financial Corporation (Financial). The couple also bought a credit life insurance policy on the life of Oren Wilkins through Financial's "sister" corporation, Federated Guaranty Life Insurance Company (Guaranty Life). This policy assured payment of any balance...

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