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  • Lincoln National Life v. San Juan - Employer Cannot Recover Life Insurance Proceeds of Employee

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    Lord Aumar
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    The employer insured the life of his employee with two insurance companies for a total of 200T, naming himself and his wife as beneficiaries. When a severed head was found purportedly belonging to the insured employee, the insurance companies refused to pay, claiming the employer had no insurable interest in the employee's life. The court ruled in favor of the insurance companies, finding that the employee could not have afforded such large policies, many more policies had been taken out by the employer on the employee's life, and the premiums were paid by the employer, indicating the insurance was really taken out by the employer, not the employee.

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    The employer insured the life of his employee with two insurance companies for a total of 200T, naming himself and his wife as beneficiaries. When a severed head was found purportedly belonging to the insured employee, the insurance companies refused to pay, claiming the employer had no insurable interest in the employee's life. The court ruled in favor of the insurance companies, finding that the employee could not have afforded such large policies, many more policies had been taken out by the employer on the employee's life, and the premiums were paid by the employer, indicating the insurance was really taken out by the employer, not the employee.

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    © All Rights Reserved
    Descargue como DOCX, PDF, TXT o lea en línea desde Scribd
    Marcar por contenido inapropiado
    88 vistas1 página

    Lincoln National Life v. San Juan - Employer Cannot Recover Life Insurance Proceeds of Employee

    Cargado por

    Lord Aumar
    The employer insured the life of his employee with two insurance companies for a total of 200T, naming himself and his wife as beneficiaries. When a severed head was found purportedly belonging to the insured employee, the insurance companies refused to pay, claiming the employer had no insurable interest in the employee's life. The court ruled in favor of the insurance companies, finding that the employee could not have afforded such large policies, many more policies had been taken out by the employer on the employee's life, and the premiums were paid by the employer, indicating the insurance was really taken out by the employer, not the employee.

    Copyright:

    © All Rights Reserved
    Descargue como DOCX, PDF, TXT o lea en línea desde Scribd
    Marcar por contenido inapropiado
    de 1

    Lincoln National Life v.

    San Juan - Life Insurance

    CA GR 34588-88, Nov. 27, 1971


    Facts:

    > An employer insured the life of the employee with two insurance companies.

    > The insurance totaled 200T and the only beneficiaries were the employer and his wife.

    > A severed head was later found, purportedly that of the insured employee.

    > The insurance companies refused to pay on the ground that the employer had no insurable interest in the
    life of the employee.

    Issue:

    Whether or not the employer can recover the proceeds of a life insurance policy of his employee.

    Held:

    NO.

    The insured was a tenant in a coconut land owned by the employer and his earning were barely that of a
    farm laborer. It was established that the insured could not have afforded the insurance policies drawn on his
    life. Many more policies were found to have been issued with the employee/tenant as insured and the
    employer and his wife as beneficiaries.

    The policies were also found to have been acquired in quick succession. It was found that the various postal
    money orders issued in payment of the premiums were made by the employer. It appears that, based on the
    circumstances and evidence, the insurance was really taken out by the employer.

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