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BATES v. SECURITY BEN. LIFE INS. CO.

No. 97-2667.

146 F.3d 600 (1998)

Sallie BATES, Plaintiff-Appellee, v. SECURITY BENEFIT LIFE INSURANCE COMPANY, Defendant-Appellant.

United States Court of Appeals, Eighth Circuit.

Decided June 12, 1998.

Attorney(s) appearing for the Case

Timothy Edward Howell, Little Rock, AR, argued, for Defendant-Appellant.

Brad A. Cazort, Little Rock, AR, argued, for Plaintiff-Appellee.

Before LOKEN and MURPHY, Circuit Judges, and WEBBER, District Judge.

LOKEN, Circuit Judge.

Robert Bates purchased an interest sensitive whole life insurance policy from First Pyramid Life Insurance Company. Security Benefit Life Insurance Company ("SBL") assumed responsibility for administering the policy in 1986. When Bates missed a premium payment in 1988, SBL lapsed the policy and used its cash value to purchase term life insurance. Bates died after the term insurance expired. Sallie Bates, his beneficiary, sued to collect the ...

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