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SPARKS v. REPUBLIC NAT. LIFE INS. CO.

No. 15488.

132 Ariz. 529 (1982)

647 P.2d 1127

Calvin C. SPARKS and Suzanne Sparks, husband and wife, Appellees, v. REPUBLIC NATIONAL LIFE INSURANCE COMPANY, a Texas corporation; American Life Pension Health Associates Corporation, an Iowa corporation, dba Alpha Corporation, Planned Security Trust, a trust, Appellants.

Supreme Court of Arizona, En Banc.

Rehearing Denied July 15, 1982.

Attorney(s) appearing for the Case

Holland & Postal by Robert W. Holland, Phoenix, for appellants.

Jennings, Strouss & Salmon by William T. Birmingham, Richard B. Burnham and Ted A. Schmidt, Phoenix, for appellees.

HAYS, Justice.

This is an appeal by defendants Republic National Life Insurance Company (Republic), American Life Pension Health Associates Corporation (ALPHA), and Planned Security Trust (PST), from a verdict and judgment of the Superior Court of Maricopa County. We have jurisdiction pursuant to 17A A.R.S. Rules of Civil Appellate Procedure, rule 19(e).

In August of 1976, plaintiffs, Calvin and Suzanne Sparks, purchased an air conditioning business in Mesa...

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