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BRADEN v. REPUBLIC-VANGUARD LIFE INS. CO.

657 S.W.2d 241 (1983)

Wanda Gene BRADEN, Movant, v. REPUBLIC-VANGUARD LIFE INSURANCE CO., Respondent.

Supreme Court of Kentucky.

September 21, 1983.

Attorney(s) appearing for the Case

Steven J. Kriegshaber, Louisville, for movant.

Thomas C. Hundley, Phillip J. Shepherd, Lexington, for respondent.

LEIBSON, Justice.

Wanda Gene Braden is the widow of Paul T. Braden, named insured in a life insurance policy issued by Republic-Vanguard Life Insurance Co. The purpose for the policy was to cover the balance on the mortgage on the Braden home in the event of Paul Braden's death. The policy provides that the mortgage holder as shown in the application is "beneficiary to the extent of (its) interest in the policy proceeds as creditor of the Insured at the date of the...

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